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

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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 0.8%. By the end of trading, Fusion-io fell $0.13 (-1.4%) to $9.41 on light volume. Throughout the day, 1,585,208 shares of Fusion-io exchanged hands as compared to its average daily volume of 3,327,900 shares. The stock ranged in price between $9.31-$9.69 after having opened the day at $9.53 as compared to the previous trading day's close of $9.54. Other companies within the Computer Hardware industry that declined today were: Mad Catz Interactive ( MCZ), down 3.6%, International Business Machines ( IBM), down 3.2%, Electronics for Imaging ( EFII), down 2.6% and Interphase ( INPH), down 2.5%.

Fusion-io, Inc. develops, markets, and sells storage memory platforms in the United States and internationally. Fusion-io has a market cap of $976.8 million and is part of the technology sector. Shares are up 7.1% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Fusion-io a buy, no analysts rate it a sell, and 11 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, SanDisk ( SNDK), up 9.4%, Overland Storage ( OVRL), up 8.3%, Nimble Storage ( NMBL), up 5.7% and China TechFaith Wireless Comm Tech ( CNTF), up 5.4% , were all gainers within the computer hardware industry with Apple ( AAPL) 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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