Finisar Corporation (FNSR): 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.

Finisar Corporation ( FNSR) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole closed the day up 1.2%. By the end of trading, Finisar Corporation fell $1.14 (-4.6%) to $23.40 on heavy volume. Throughout the day, 4,946,486 shares of Finisar Corporation exchanged hands as compared to its average daily volume of 2,446,200 shares. The stock ranged in price between $22.94-$24.52 after having opened the day at $24.44 as compared to the previous trading day's close of $24.54. Other companies within the Computer Hardware industry that declined today were: Riverbed Technology ( RVBD), down 5.5%, 3D Systems Corporation ( DDD), down 5.4%, Overland Storage ( OVRL), down 3.0% and Extreme Networks ( EXTR), down 2.3%.

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 $2.4 billion and is part of the technology sector. Shares are up 4.5% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate Finisar Corporation a buy, no analysts rate 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 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. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front, Mad Catz Interactive ( MCZ), up 18.6%, Lantronix ( LTRX), up 8.3%, Datalink Corporation ( DTLK), up 7.0% and Nimble Storage ( NMBL), up 6.6% , were all gainers within the computer hardware industry with Palo Alto Networks ( PANW) 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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