3 Computer Hardware Stocks Pushing Industry Growth

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.

All three major indices traded up today with the Dow Jones Industrial Average ( ^DJI) trading up 22 points (0.1%) at 16,756 as of Friday, June 13, 2014, 3:55 PM ET. The NYSE advances/declines ratio sits at 1,626 issues advancing vs. 1,329 declining with 172 unchanged.

The Computer Hardware industry as a whole was unchanged today versus the S&P 500, which was up 0.2%. Top gainers within the Computer Hardware industry included China TechFaith Wireless Comm Tech ( CNTF), up 3.6%, Mad Catz Interactive ( MCZ), up 2.5%, voxeljet ( VJET), up 4.3%, Brocade Communications Systems ( BRCD), up 1.6% and Arista Networks ( ANET), up 4.8%.

TheStreet Ratings Group would like to highlight 3 stocks pushing the industry higher today:

voxeljet ( VJET) is one of the companies that pushed the Computer Hardware industry higher today. voxeljet was up $0.59 (4.3%) to $14.20 on light volume. Throughout the day, 315,561 shares of voxeljet exchanged hands as compared to its average daily volume of 530,400 shares. The stock ranged in a price between $13.52-$14.24 after having opened the day at $13.61 as compared to the previous trading day's close of $13.61.

Voxeljet has a market cap of $215.9 million and is part of the technology sector. Shares are down 65.5% year-to-date as of the close of trading on Thursday.

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Highlights from TheStreet Ratings analysis on VJET go as follows:

You can view the full analysis from the report here: voxeljet Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

At the close, Mad Catz Interactive ( MCZ) was up $0.02 (2.5%) to $0.61 on light volume. Throughout the day, 106,990 shares of Mad Catz Interactive exchanged hands as compared to its average daily volume of 468,500 shares. The stock ranged in a price between $0.58-$0.62 after having opened the day at $0.59 as compared to the previous trading day's close of $0.60.

Mad Catz Interactive, Inc. designs, manufactures, markets, sells, and distributes accessories for videogame platforms, personal computers (PC) and Mac, smart phones, and other smart devices. Mad Catz Interactive has a market cap of $39.4 million and is part of the technology sector. Shares are up 19.5% year-to-date as of the close of trading on Thursday. Currently there are no analysts who rate Mad Catz Interactive a buy, no analysts rate it a sell, and none rate it a hold.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

TheStreet Ratings rates Mad Catz Interactive as a sell. The company's weaknesses can be seen in multiple areas, such as its poor profit margins and weak operating cash flow.

Highlights from TheStreet Ratings analysis on MCZ go as follows:

  • The gross profit margin for MAD CATZ INTERACTIVE INC is currently lower than what is desirable, coming in at 26.11%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of -1.31% trails that of the industry average.
  • Net operating cash flow has declined marginally to $7.49 million or 1.00% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Household Durables industry and the overall market, MAD CATZ INTERACTIVE INC's return on equity significantly trails that of both the industry average and the S&P 500.
  • The revenue fell significantly faster than the industry average of 17.3%. Since the same quarter one year prior, revenues fell by 17.8%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
  • The debt-to-equity ratio is somewhat low, currently at 0.66, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. Even though the company has a strong debt-to-equity ratio, the quick ratio of 0.46 is very weak and demonstrates a lack of ability to pay short-term obligations.

You can view the full analysis from the report here: Mad Catz Interactive Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

China TechFaith Wireless Comm Tech ( CNTF) was another company that pushed the Computer Hardware industry higher today. China TechFaith Wireless Comm Tech was up $0.05 (3.6%) to $1.43 on light volume. Throughout the day, 108,352 shares of China TechFaith Wireless Comm Tech exchanged hands as compared to its average daily volume of 190,700 shares. The stock ranged in a price between $1.36-$1.45 after having opened the day at $1.36 as compared to the previous trading day's close of $1.38.

China Techfaith Wireless Communication Technology Limited is engaged in the original design, development, and sale of mobile handsets in the People's Republic of China and internationally. China TechFaith Wireless Comm Tech has a market cap of $73.0 million and is part of the technology sector. Shares are down 17.4% year-to-date as of the close of trading on Thursday. Currently there are no analysts who rate China TechFaith Wireless Comm Tech a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates China TechFaith Wireless Comm Tech as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity and poor profit margins.

Highlights from TheStreet Ratings analysis on CNTF go as follows:

  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Computers & Peripherals industry. The net income has significantly decreased by 1045.4% when compared to the same quarter one year ago, falling from $0.31 million to -$2.89 million.
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Computers & Peripherals industry and the overall market, CHINA TECHFAITH WIRELESS-ADR's return on equity significantly trails that of both the industry average and the S&P 500.
  • The gross profit margin for CHINA TECHFAITH WIRELESS-ADR is currently extremely low, coming in at 9.49%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of -10.80% is significantly below that of the industry average.
  • CNTF, with its decline in revenue, underperformed when compared the industry average of 4.3%. Since the same quarter one year prior, revenues slightly dropped by 6.2%. The declining revenue appears to have seeped down to the company's bottom line, decreasing earnings per share.
  • CHINA TECHFAITH WIRELESS-ADR has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. Stable Earnings per share over the past year indicate the company has sound management over its earnings and share float. During the past fiscal year, CHINA TECHFAITH WIRELESS-ADR continued to lose money by earning -$0.05 versus -$0.06 in the prior year.

You can view the full analysis from the report here: China TechFaith Wireless Comm Tech Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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.

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