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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