Hewlett-Packard Co (HPQ): 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.

Hewlett-Packard ( HPQ) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole closed the day up 0.9%. By the end of trading, Hewlett-Packard fell $0.44 (-1.5%) to $29.58 on average volume. Throughout the day, 10,736,722 shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 14,254,100 shares. The stock ranged in price between $29.57-$30.05 after having opened the day at $30.00 as compared to the previous trading day's close of $30.02. Other companies within the Computer Hardware industry that declined today were: Cray ( CRAY), down 13.6%, Mad Catz Interactive ( MCZ), down 5.0%, Lantronix ( LTRX), down 3.3% and M/A-COM Technology Solutions Holdings ( MTSI), down 2.7%.

Hewlett-Packard Company, together with its subsidiaries, provides products, technologies, software, solutions, and services to individual consumers, small-and medium-sized businesses (SMBs), and large enterprises, including customers in the government, health, and education sectors worldwide. Hewlett-Packard has a market cap of $57.1 billion and is part of the technology sector. Shares are up 7.3% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate Hewlett-Packard a buy, 2 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Hewlett-Packard as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins.

On the positive front, Identive Group ( INVE), up 10.8%, Radisys Corporation ( RSYS), up 7.5%, Universal Display Corporation ( OLED), up 6.0% and SMART Technologies ( SMT), up 5.9% , were all gainers within the computer hardware industry with 3D Systems Corporation ( DDD) 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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