Finisar Corporation (FNSR): Today's Featured Computer Hardware Laggard

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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 down 0.4%. By the end of trading, Finisar Corporation fell $0.61 (-2.5%) to $23.35 on average volume. Throughout the day, 3,285,420 shares of Finisar Corporation exchanged hands as compared to its average daily volume of 2,280,700 shares. The stock ranged in price between $22.97-$23.83 after having opened the day at $23.69 as compared to the previous trading day's close of $23.96. Other companies within the Computer Hardware industry that declined today were: Dot Hill Systems Corporation ( HILL), down 12.8%, voxeljet ( VJET), down 6.1%, 3D Systems Corporation ( DDD), down 5.1% and Overland Storage ( OVRL), down 5.0%.

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 $2.3 billion and is part of the technology sector. Shares are down 0.1% 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 robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, reasonable valuation levels and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the positive front, Violin Memory ( VMEM), up 7.2%, Lantronix ( LTRX), up 6.2%, Identive Group ( INVE), up 5.9% and Fusion-io ( FIO), up 2.4% , were all gainers within the computer hardware industry with Western Digital Corporation ( WDC) 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).

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