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 down 0.8%. By the end of trading, Finisar Corporation rose $0.72 (3.2%) to $23.40 on average volume. Throughout the day, 2,186,256 shares of Finisar Corporation exchanged hands as compared to its average daily volume of 1,942,100 shares. The stock ranged in a price between $22.40-$23.53 after having opened the day at $22.56 as compared to the previous trading day's close of $22.68. Other companies within the Computer Hardware industry that increased today were: China TechFaith Wireless Comm Tech ( CNTF), up 12.8%, Video Display Corporation ( VIDE), up 2.9%, M/A-COM Technology Solutions Holdings ( MTSI), up 2.8% and Mad Catz Interactive ( MCZ), up 2.5%.

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. Shares are up 42.6% year to date as of the close of trading on Thursday. Currently there are 9 analysts that rate Finisar Corporation a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates Finisar Corporation as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the negative front, Interphase ( INPH), down 10.1%, Echelon Corporation ( ELON), down 5.9%, Crossroads Systems ( CRDS), down 4.2% and Hutchinson Technology ( HTCH), down 4.1% , were all laggards within the computer hardware industry with International Business Machines ( IBM) 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).

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