Below are the lowest five companies in the Computer Hardware industry based on estimated Forward Earnings Yields. Using projected earnings for the current fiscal year, the forward earnings yield is useful to compare a stock's return vs. owning a similar stock or other yield assets (e.g. bonds). Generally, the higher the earnings yield, the more undervalued the stock.
Concurrent Computer (NASDAQ:CCUR ) has the lowest Forward Earnings Yield of 0.80%; Cray (NASDAQ:CRAY) is next with a Forward Earnings Yield of 2.51%; and Stratasys (NASDAQ:SSYS) has the next lowest with a Forward Earnings Yield of 3.91%.
Avid Technology (NASDAQ:AVID) follows with a Forward Earnings Yield of 4.41% and Silicon Graphics International (NYSE:SGI) rounds out the group with a Forward Earnings Yield of 5.23%.
SmartTrend currently has shares of Avid Technology in an Downtrend and issued the Downtrend alert on July 22, 2011 at $14.93. The stock has fallen 44.8% since the Downtrend alert was issued.
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