Stratasys Ltd (SSYS): 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.

Stratasys ( SSYS) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole closed the day down 0.6%. By the end of trading, Stratasys fell $7.88 (-6.9%) to $106.45 on heavy volume. Throughout the day, 1,973,724 shares of Stratasys exchanged hands as compared to its average daily volume of 1,262,400 shares. The stock ranged in price between $106.12-$114.50 after having opened the day at $114.01 as compared to the previous trading day's close of $114.33. Other companies within the Computer Hardware industry that declined today were: 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%.

Stratasys Ltd. provides additive manufacturing (AM) solutions for the creation of parts used in the processes of designing and manufacturing products and for the direct manufacture of end parts. Stratasys has a market cap of $5.7 billion and is part of the technology sector. Shares are down 15.1% year to date as of the close of trading on Thursday. Currently there are 12 analysts that rate Stratasys a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Stratasys as a hold. 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 and solid stock price performance. However, as a counter to these strengths, we find that the company's return on equity has been disappointing.

On the positive front, 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% , were all gainers within the computer hardware industry with NetApp ( NTAP) 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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