Finisar Corporation (FNSR): Today's Featured Technology 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 modelFinisar Corporation (FNSR) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 1.3%. By the end of trading, Finisar Corporation fell $0.31 (-2.3%) to $12.96 on average volume. Throughout the day, 2,450,705 shares of Finisar Corporation exchanged hands as compared to its average daily volume of 2,576,700 shares. The stock ranged in price between $12.93-$13.26 after having opened the day at $13.26 as compared to the previous trading day's close of $13.27. Other companies within the Technology sector that declined today were: Uni-pixel (UNXL), down 26.0%, Aruba Networks (ARUN), down 25.6%, Alteva (ALTV), down 23.3% and Aehr Test Systems (AEHR), down 12.6%.
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