International Business Machines Corp (IBM): Today's Featured Computer Hardware Laggard

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International Business Machines ( IBM) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole closed the day down 2.9%. By the end of trading, International Business Machines fell $3.78 (-2.1%) to $172.90 on average volume. Throughout the day, 7,168,516 shares of International Business Machines exchanged hands as compared to its average daily volume of 5,230,500 shares. The stock ranged in price between $172.72-$176.02 after having opened the day at $176.02 as compared to the previous trading day's close of $176.68. Other companies within the Computer Hardware industry that declined today were: Echelon Corporation ( ELON), down 8.9%, Nimble Storage ( NMBL), down 8.5%, Interphase ( INPH), down 8.4% and Crossroads Systems ( CRDS), down 7.4%.

International Business Machines Corporation provides information technology (IT) products and services worldwide. International Business Machines has a market cap of $192.6 billion and is part of the technology sector. The company has a P/E ratio of 10.9, below the S&P 500 P/E ratio of 17.7. Shares are down 5.8% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate International Business Machines a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates International Business Machines as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, Overland Storage ( OVRL), up 4.7% and SMART Technologies ( SMT), up 2.7%.

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).

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