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 closed the day up 0.9%. By the end of trading, Fusion-io fell $0.17 (-1.6%) to $10.69 on light volume. Throughout the day, 1,135,962 shares of Fusion-io exchanged hands as compared to its average daily volume of 3,178,600 shares. The stock ranged in price between $10.60-$10.91 after having opened the day at $10.87 as compared to the previous trading day's close of $10.86. Other companies within the Computer Hardware industry that declined today were: Overland Storage ( OVRL), down 8.0%, Quantum Corporation ( QTM), down 3.4%, Radisys Corporation ( RSYS), down 3.3% and Lantronix ( LTRX), down 3.1%.

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 up 21.8% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate Fusion-io a buy, 1 analyst rates it a sell, and 12 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, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.

On the positive front, Cray ( CRAY), up 39.0%, Extreme Networks ( EXTR), up 9.9%, Dot Hill Systems Corporation ( HILL), up 6.2% and China TechFaith Wireless Comm Tech ( CNTF), up 4.7% , were all gainers within the computer hardware industry with EMC Corporation ( EMC) 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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