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 was unchanged today. By the end of trading, Finisar Corporation rose $0.78 (3.6%) to $22.60 on heavy volume. Throughout the day, 3,882,480 shares of Finisar Corporation exchanged hands as compared to its average daily volume of 2,297,800 shares. The stock ranged in a price between $21.78-$22.98 after having opened the day at $21.79 as compared to the previous trading day's close of $21.82. Other companies within the Computer Hardware industry that increased today were: Crossroads Systems ( CRDS), up 15.9%, Performance Technologies ( PTIX), up 5.8%, Concurrent Computer Corporation ( CCUR), up 3.5% and Silver Spring Networks ( SSNI), up 3.3%.

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 $2.1 billion and is part of the technology sector. The company has a P/E ratio of 38.9, above the S&P 500 P/E ratio of 17.7. Shares are up 33.6% year to date as of the close of trading on Friday. Currently there are 9 analysts that rate Finisar Corporation a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Finisar Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, compelling growth in net income, expanding profit margins and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the negative front, OCZ Technology Group ( OCZ), down 8.8%, voxeljet AG ADR ( VJET), down 6.8%, China TechFaith Wireless Comm Tech ( CNTF), down 4.7% and Transact Technologies ( TACT), down 4.4% , were all laggards within the computer hardware industry with EMC Corporation ( EMC) 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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