Finisar Corporation (FNSR): Today's Featured Computer Hardware Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Finisar Corporation (FNSR) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole closed the day up 1.3%. By the end of trading, Finisar Corporation fell 18 cents (-1.2%) to $15.16 on light volume. Throughout the day, 1.8 million shares of Finisar Corporation exchanged hands as compared to its average daily volume of 2.6 million shares. The stock ranged in price between $14.90-$15.48 after having opened the day at $15.48 as compared to the previous trading day's close of $15.34. Other companies within the Computer Hardware industry that declined today were: Crossroads Systems (CRDS), down 7.9%, XRS (XRSC), down 5.3%, Concurrent Computer Corporation (CCUR), down 5%, and Quantum Corporation (QTM), down 3.8%.

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Finisar Corporation engages in the design, development, manufacture, and sale of optical subsystems and components for use in fiber optics-based data communication and telecommunication networks applications. Finisar Corporation has a market cap of $1.47 billion and is part of the technology sector. The company has a P/E ratio of 68.9, above the S&P 500 P/E ratio of 17.7. Shares are down 2.8% year to date as of the close of trading on Thursday. Currently there are six analysts that rate Finisar Corporation a buy, one analyst rates it a sell, and three rate it a hold.

TheStreet Ratings rates Finisar Corporation as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

• You can view the full Finisar Ratings Report.

On the positive front, Aruba Networks (ARUN), up 22.1%, Hewlett-Packard (HPQ), up 12.3%, Dataram Corporation (DRAM), up 8.9%, and OCZ Technology Group (OCZ), up 8.3%, were all gainers within the computer hardware industry with Apple (AAPL) being today's featured computer hardware industry leader.

• Use our computer hardware section to find industry-relevant news.
• Or find some new ideas from our top rated stocks lists.

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).

• Find other investment ideas from our top rated ETFs lists.

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For more information on Finisar Corporation click any of the following:

• Finisar Corporation Stock Price

• Finisar Corporation Analyst Ratings

• Finisar Corporation Key Stats & Profile

• Finisar Corporation Earnings

• Finisar Corporation Ratio Comparison

• Finisar Corporation Growth Rates

• Finisar Corporation Balance Sheet

• Finisar Corporation Cash Flow

• Finisar Corporation Income Statement