Brocade Communications Systems Inc (BRCD): Today's Featured Computer Hardware Winner

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.

Brocade Communications Systems ( BRCD) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day up 0.9%. By the end of trading, Brocade Communications Systems rose $0.35 (3.6%) to $10.01 on heavy volume. Throughout the day, 11,652,342 shares of Brocade Communications Systems exchanged hands as compared to its average daily volume of 5,054,400 shares. The stock ranged in a price between $9.64-$10.02 after having opened the day at $9.66 as compared to the previous trading day's close of $9.66. Other companies within the Computer Hardware industry that increased today were: Dataram Corporation ( DRAM), up 28.2%, China TechFaith Wireless Comm Tech ( CNTF), up 8.6%, Crossroads Systems ( CRDS), up 6.6% and Ruckus Wireless ( RKUS), up 5.7%.

Brocade Communications Systems, Inc. provides Internet protocol based networking solutions and storage area networking (SAN) solutions to businesses and organizations worldwide. Brocade Communications Systems has a market cap of $4.2 billion and is part of the technology sector. Shares are up 8.3% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Brocade Communications Systems a buy, 1 analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates Brocade Communications Systems 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, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the negative front, 3D Systems Corporation ( DDD), down 4.1%, voxeljet ( VJET), down 3.2%, Stratasys ( SSYS), down 3.2% and Quantum Corporation ( QTM), down 2.6% , were all laggards within the computer hardware industry with Seagate Technology ( STX) being today's computer hardware industry laggard.

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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