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.

Brocade Communications Systems ( BRCD) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole closed the day down 1.2%. By the end of trading, Brocade Communications Systems fell $0.20 (-2.6%) to $7.40 on average volume. Throughout the day, 5,511,180 shares of Brocade Communications Systems exchanged hands as compared to its average daily volume of 6,873,400 shares. The stock ranged in price between $7.28-$7.65 after having opened the day at $7.64 as compared to the previous trading day's close of $7.60. Other companies within the Computer Hardware industry that declined today were: Lantronix ( LTRX), down 6.8%, Rimage Corporation ( RIMG), down 5.0%, Imation Corporation ( IMN), down 4.6% and Immersion Corporation ( IMMR), down 4.1%.

Brocade Communications Systems, Inc. engages in the supply of Internet protocol based Ethernet networking solutions and storage area networking (SAN) solutions to businesses and organizations worldwide. Brocade Communications Systems has a market cap of $3.3 billion and is part of the technology sector. Shares are up 42.6% year to date as of the close of trading on Thursday. Currently there are 3 analysts that rate Brocade Communications Systems a buy, 3 analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Brocade Communications Systems as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front, Astro-Med ( ALOT), up 9.6%, Overland Storage ( OVRL), up 2.5%, Dataram Corporation ( DRAM), up 1.8% and Hauppauge Digital ( HAUP), up 1.5% , were all gainers within the computer hardware industry with Western Digital Corporation ( WDC) being today's featured computer hardware industry leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

null