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 2.6%. By the end of trading, International Business Machines fell $2.42 (-1.2%) to $192.62 on average volume. Throughout the day, 6,789,957 shares of International Business Machines exchanged hands as compared to its average daily volume of 5,140,200 shares. The stock ranged in price between $191.96-$195.63 after having opened the day at $194.98 as compared to the previous trading day's close of $195.04. Other companies within the Computer Hardware industry that declined today were: Silicom ( SILC), down 14.3%, Dataram Corporation ( DRAM), down 7.9%, Ruckus Wireless ( RKUS), down 7.7% and Violin Memory ( VMEM), down 7.3%.

International Business Machines Corporation provides information technology (IT) products and services worldwide. International Business Machines has a market cap of $196.0 billion and is part of the technology sector. Shares are up 4.0% 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, Identive Group ( INVE), up 10.5%, Radisys Corporation ( RSYS), up 2.0% and Silver Spring Networks ( SSNI), up 1.9%.

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.

If you liked this article you might like

The Toys 'R' Us Bankruptcy Filing a Reminder That Amazon Is Crushing Everyone

Ray Dalio Also Thinks AI Will Be a Killer Just Like Tesla's Elon Musk Does

3 Tech Setups That Look Tantalizing

Cramer: Nvidia Is More Than Just a Pet Name

Tesla's Elon Musk Expects World War 3 -- Here's What He Sees as the Cause