NetApp Inc. (NTAP): 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.

NetApp ( NTAP) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day down 0.6%. By the end of trading, NetApp rose $0.70 (1.9%) to $37.80 on average volume. Throughout the day, 6,966,222 shares of NetApp exchanged hands as compared to its average daily volume of 4,791,900 shares. The stock ranged in a price between $37.14-$37.99 after having opened the day at $37.47 as compared to the previous trading day's close of $37.10. Other companies within the Computer Hardware industry that increased today were: China TechFaith Wireless Comm Tech ( CNTF), up 8.0%, Elecsys Corporation ( ESYS), up 5.6%, Lantronix ( LTRX), up 4.9% and Finisar Corporation ( FNSR), up 4.6%.

NetApp, Inc. engages in design, manufacture, and marketing of networked storage solutions. The company supplies enterprise storage and data management software and hardware products and services. NetApp has a market cap of $12.3 billion and is part of the technology sector. Shares are down 9.8% year to date as of the close of trading on Thursday. Currently there are 11 analysts that rate NetApp a buy, 2 analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates NetApp as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, notable return on equity and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, Dataram Corporation ( DRAM), down 16.5%, Nimble Storage ( NMBL), down 12.8%, 3D Systems Corporation ( DDD), down 6.1% and Astro-Med ( ALOT), down 4.5% , were all laggards within the computer hardware industry with Stratasys ( SSYS) 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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