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.
) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day down 0.9%. By the end of trading, Finisar Corporation rose $0.50 (2.1%) to $23.71 on heavy volume. Throughout the day, 4,499,417 shares of Finisar Corporation exchanged hands as compared to its average daily volume of 2,349,500 shares. The stock ranged in a price between $23.20-$24.40 after having opened the day at $23.29 as compared to the previous trading day's close of $23.21. Other companies within the Computer Hardware industry that increased today were:
), up 17.0%,
), up 8.8%,
), up 8.7% and
), up 7.4%.
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Finisar Corporation provides optical subsystems and components for data communication and telecommunication applications in the United States, Malaysia, China, and internationally. Finisar Corporation has a market cap of $2.2 billion and is part of the technology sector. The company has a P/E ratio of 41.5, above the S&P 500 P/E ratio of 17.7. Shares are down 2.9% year to date as of the close of trading on Thursday. Currently there are 9 analysts that rate Finisar Corporation a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, compelling growth in net income, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
- You can view the full Finisar Corporation Ratings Report.
On the negative front,
), down 11.3%,
), down 7.5%,
), down 6.4% and
), down 6.4% , were all laggards within the computer hardware industry with
) being today's computer hardware industry laggard.
- 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
) while those bearish on the computer hardware industry could consider
- Find other investment ideas from our top rated ETFs lists.