3D Systems Corporation (DDD): 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.

3D Systems Corporation ( DDD) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole closed the day up 0.8%. By the end of trading, 3D Systems Corporation fell $1.31 (-1.7%) to $74.66 on average volume. Throughout the day, 4,526,967 shares of 3D Systems Corporation exchanged hands as compared to its average daily volume of 5,834,600 shares. The stock ranged in price between $74.24-$76.75 after having opened the day at $75.69 as compared to the previous trading day's close of $75.97. Other companies within the Computer Hardware industry that declined today were: Palo Alto Networks ( PANW), down 4.7%, Lantronix ( LTRX), down 3.4%, Quantum Corporation ( QTM), down 3.3% and Mad Catz Interactive ( MCZ), down 2.4%.

3D Systems Corporation, through its subsidiaries, develops, manufactures and markets 3D printers, print materials, on-demand custom parts services, and 3D authoring solutions for professionals and consumers. 3D Systems Corporation has a market cap of $7.8 billion and is part of the technology sector. Shares are down 18.2% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate 3D Systems Corporation a buy, 2 analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates 3D Systems Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, compelling growth in net income and good cash flow from operations. 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 6.8%, Imation Corporation ( IMN), up 5.9%, China TechFaith Wireless Comm Tech ( CNTF), up 5.5% and Nimble Storage ( NMBL), up 4.9% , were all gainers within the computer hardware industry with Apple ( AAPL) 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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