Based on the aggregated intelligence of 135,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, audio technology company Dolby Laboratories (NYSE:DLB) has earned a coveted five-star ranking.

With that in mind, let's take a closer look at Dolby's business and see what CAPS investors are saying about the stock right now.

Dolby facts

Headquarters (founded)

San Francisco (1965)

Market Cap

$4.19 billion

Industry

Diversified Electronics

Trailing-12-Month Revenue

$701.8 million

Management

Founder/Chairman Ray Dolby

President/CEO Kevin Yeaman

Return on Equity (average, last three years)

20.9%

Competitors

Sony (NYSE:SNE)

DTS (NASDAQ:DTSI)

CAPS Members Bullish on DLB Also Bullish on

Apple (NASDAQ:AAPL)

Netflix (NASDAQ:NFLX)

CAPS Members Bearish on DLB Also Bearish on

First Solar (NASDAQ:FSLR)

Ford Motor (NYSE:F)

Sources: Capital IQ (a division of Standard & Poor's) and Motley Fool CAPS.

Over on CAPS, 3,079 of the 3,155 members who have rated Dolby -- some 98% -- believe the stock will outperform the S&P 500 going forward. These bulls include SmoothHughes and All-Star ifool100, who is ranked in the top 15% of our community.

In late April, SmoothHughes summed up the stock's sweet-sounding bull case:

Buying the brand, the moat, and the leadership here. Dolby will be a part of the majority of electronic sound delivery in the future and both the number of people and the ways they are listening will continue to see healthy growth. Plus, the company has plenty of cash and [little] debt.

In an earlier pitch, ifool100 helped that sentiment resonate with our community:

Original owner in control. Beautiful cash flow, [little] debt. Check any DVD/BlueRay/CD -- and you'll probably see the Dolby logo. Sound is huge, and 3D is coming on fast. I can't see how any other company can have the position that Dolby has. And during recessions/depressions people love to escape. Movies, music -- all of which Dolby is a part of. Great long-term play.

What do you think about Dolby, or any other stock for that matter? Make your voice heard on Motley Fool CAPS today. More than 135,000 investors are waiting to hear what you have to say. CAPS is 100% free, so simply click here to get started.