EMC Corporation (EMC): Today's Featured Computer Hardware Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

EMC Corporation ( EMC) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole closed the day down 1.3%. By the end of trading, EMC Corporation fell $0.73 (-2.9%) to $24.65 on heavy volume. Throughout the day, 61,210,041 shares of EMC Corporation exchanged hands as compared to its average daily volume of 21,865,100 shares. The stock ranged in price between $24.45-$25.44 after having opened the day at $25.07 as compared to the previous trading day's close of $25.38. Other companies within the Computer Hardware industry that declined today were: Nimble Storage ( NMBL), down 8.2%, Echelon Corporation ( ELON), down 7.3%, Key Tronic Corporation ( KTCC), down 6.9% and Gigamon ( GIMO), down 6.4%.

EMC Corporation, together with its subsidiaries, develops, delivers, and supports information infrastructure and virtual infrastructure technologies, solutions, and services. EMC Corporation has a market cap of $52.2 billion and is part of the technology sector. The company has a P/E ratio of 20.3, above the S&P 500 P/E ratio of 17.7. Shares are up 0.9% year to date as of the close of trading on Tuesday. Currently there are 21 analysts that rate EMC Corporation a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates EMC Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, Violin Memory ( VMEM), up 12.5%, Electronics for Imaging ( EFII), up 5.1%, Seagate Technology ( STX), up 4.1% and Black Box Corporation ( BBOX), up 2.2% , were all gainers within the computer hardware industry with Western Digital Corporation ( WDC) being today's featured computer hardware industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer hardware industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the computer hardware industry could consider ProShares Ultra Short Semiconductor ( SSG).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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