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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



) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 0.6%. By the end of trading, Finisar Corporation fell 21 cents (-1.5%) to $13.74 on average volume. Throughout the day, three 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 $13.51-$14.19 after having opened the day at $14.08 as compared to the previous trading day's close of $13.95. Other companies within the Technology sector that declined today were:

Authentidate Holding Corporation



), down 13.6%,

China Finance Online



), down 13.2%,

eOn Communications Corporation



), down 10.1%, and

Bridgeline Digital



), down 9%.

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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 $1.43 billion and is part of the

computer hardware

industry. The company has a P/E ratio of 33.5, equal to the average computer hardware industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are down 8% year to date as of the close of trading on Thursday. Currently there are five analysts that rate Finisar Corporation a buy, no analysts rate it a sell, and three rate it a hold.

TheStreet Ratings rates Finisar Corporation as a


. 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 and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and poor profit margins.

On the positive front,

Helios & Matheson Information Technology In



), up 21.3%,

Saba Software



), up 17.8%,

Dynasil Corporation of America



), up 16.3%, and

TigerLogic Corporation



), up 13.5%, were all gainers within the technology sector with

Oracle Corporation



) being today's featured technology sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider

Technology Select Sector SPDR



) while those bearish on the technology sector could consider

ProShares Ultra Short Technology




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