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

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.

Finisar Corporation ( FNSR) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day up 0.6%. By the end of trading, Finisar Corporation rose $0.26 (1.3%) to $20.77 on light volume. Throughout the day, 438,388 shares of Finisar Corporation exchanged hands as compared to its average daily volume of 2,332,200 shares. The stock ranged in a price between $20.56-$20.99 after having opened the day at $20.62 as compared to the previous trading day's close of $20.51. Other companies within the Computer Hardware industry that increased today were: Hauppauge Digital ( HAUP), up 7.8%, Astro-Med ( ALOT), up 7.3%, Quantum Corporation ( QTM), up 4.1% and Silver Spring Networks ( SSNI), up 3.9%.

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 $2.0 billion and is part of the technology sector. Shares are up 27.1% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Finisar Corporation a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates Finisar Corporation as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share.

On the negative front, Hewlett-Packard ( HPQ), down 12.4%, Rimage Corporation ( RIMG), down 4.2%, Radcom ( RDCM), down 3.3% and Transact Technologies ( TACT), down 2.3% , were all laggards within the computer hardware industry with Lexmark International ( LXK) being today's computer hardware industry laggard.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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