International Business Machines Corp (IBM): 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.

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 0.3%. By the end of trading, International Business Machines fell $2.10 (-1.1%) to $184.71 on average volume. Throughout the day, 4,283,098 shares of International Business Machines exchanged hands as compared to its average daily volume of 4,893,000 shares. The stock ranged in price between $183.50-$186.70 after having opened the day at $185.60 as compared to the previous trading day's close of $186.81. Other companies within the Computer Hardware industry that declined today were: Crossroads Systems ( CRDS), down 4.6%, Violin Memory ( VMEM), down 3.9%, Lantronix ( LTRX), down 3.7% and Astro-Med ( ALOT), down 3.5%.

International Business Machines Corporation provides information technology (IT) products and services worldwide. International Business Machines has a market cap of $193.5 billion and is part of the technology sector. Shares are down 0.4% year to date as of the close of trading on Tuesday. Currently there are 4 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, expanding profit margins, good cash flow from operations, increase in net income 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, SMART Technologies ( SMT), up 10.3%, Dataram Corporation ( DRAM), up 8.0%, Identive Group ( INVE), up 7.5% and Finisar Corporation ( FNSR), up 3.7% , were all gainers within the computer hardware industry with SanDisk ( SNDK) 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).

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