Hewlett-Packard Co (HPQ): 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.

Hewlett-Packard ( HPQ) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole closed the day down 1.5%. By the end of trading, Hewlett-Packard fell $0.61 (-1.8%) to $33.00 on average volume. Throughout the day, 15,404,361 shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 13,248,000 shares. The stock ranged in price between $32.84-$33.64 after having opened the day at $33.62 as compared to the previous trading day's close of $33.61. Other companies within the Computer Hardware industry that declined today were: Nimble Storage ( NMBL), down 11.2%, Gigamon ( GIMO), down 10.6%, Dataram Corporation ( DRAM), down 8.9% and Palo Alto Networks ( PANW), down 8.1%.

Hewlett-Packard Company, together with its subsidiaries, provides products, technologies, software, solutions, and services to individual consumers, small-and medium-sized businesses (SMBs), and large enterprises, including customers in the government, health, and education sectors worldwide. Hewlett-Packard has a market cap of $63.0 billion and is part of the technology sector. Shares are up 20.1% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Hewlett-Packard a buy, 2 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Hewlett-Packard as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and attractive valuation levels. However, as a counter to these strengths, we find that the company's profit margins have been poor overall.

On the positive front, Mad Catz Interactive ( MCZ), up 3.6%, Digi International ( DGII), up 3.1%, Logitech International S.A ( LOGI), up 2.5% and Concurrent Computer Corporation ( CCUR), up 2.2%.

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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