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 0.2%. By the end of trading, Hewlett-Packard fell $0.51 (-1.6%) to $32.39 on average volume. Throughout the day, 13,085,450 shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 13,473,000 shares. The stock ranged in price between $31.88-$33.00 after having opened the day at $32.99 as compared to the previous trading day's close of $32.90. Other companies within the Computer Hardware industry that declined today were: Crossroads Systems ( CRDS), down 10.4%, Overland Storage ( OVRL), down 6.1%, Identive Group ( INVE), down 5.2% and Violin Memory ( VMEM), down 4.9%.

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 $61.5 billion and is part of the technology sector. Shares are up 17.6% year to date as of the close of trading on Monday. 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, SMART Technologies ( SMT), up 10.6%, Teradata Corporation ( TDC), up 3.3%, voxeljet ( VJET), up 3.2% and Super Micro Computer ( SMCI), up 2.9% , were all gainers within the computer hardware industry with Palo Alto Networks ( PANW) 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).

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