EMC Corporation (EMC): 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.

EMC Corporation ( EMC) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole closed the day down 2.5%. By the end of trading, EMC Corporation fell $0.49 (-1.8%) to $27.40 on average volume. Throughout the day, 20,956,361 shares of EMC Corporation exchanged hands as compared to its average daily volume of 23,316,000 shares. The stock ranged in price between $27.39-$28.10 after having opened the day at $28.02 as compared to the previous trading day's close of $27.89. Other companies within the Computer Hardware industry that declined today were: SMART Technologies ( SMT), down 7.0%, Radisys Corporation ( RSYS), down 6.7%, Echelon Corporation ( ELON), down 6.6% and Cray ( CRAY), down 6.5%.

EMC Corporation develops, delivers, and supports information infrastructure and virtual infrastructure technologies, solutions, and services. It operates in three segments: Information Storage, Information Intelligence Group, and RSA Information Security. EMC Corporation has a market cap of $56.6 billion and is part of the technology sector. Shares are up 10.9% year to date as of the close of trading on Thursday. Currently there are 21 analysts that rate EMC Corporation a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates EMC Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, good cash flow from operations and increase in stock price during the past year. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, Mercury Systems ( MRCY), up 4.3%, Aruba Networks ( ARUN), up 4.3% and Interphase ( INPH), 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).

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