Fusion-io Inc (FIO): Today's Featured Computer Hardware Laggard

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.

Fusion-io ( FIO) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole was unchanged today. By the end of trading, Fusion-io fell $0.16 (-1.7%) to $9.47 on average volume. Throughout the day, 3,309,921 shares of Fusion-io exchanged hands as compared to its average daily volume of 4,091,300 shares. The stock ranged in price between $9.41-$9.71 after having opened the day at $9.57 as compared to the previous trading day's close of $9.63. Other companies within the Computer Hardware industry that declined today were: OCZ Technology Group ( OCZ), down 20.2%, Teradata Corporation ( TDC), down 6.2%, Immersion Corporation ( IMMR), down 5.1% and Identive Group ( INVE), down 3.5%.

Fusion-io, Inc. develops, markets, and sells storage memory platforms in the United States and internationally. Fusion-io has a market cap of $1.1 billion and is part of the technology sector. Shares are down 56.4% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Fusion-io a buy, 2 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Fusion-io as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.

On the positive front, Finisar Corporation ( FNSR), up 4.7%, Silicon Graphics International ( SGI), up 4.2%, Radisys Corporation ( RSYS), up 3.9% and Violin Memory ( VMEM), up 3.0% , were all gainers within the computer hardware industry with Hewlett-Packard ( HPQ) 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.

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