3 Stocks Pushing The Technology Sector Lower

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading up 146 points (1.1%) at 13,259 as of Tuesday, Nov. 6, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 2,070 issues advancing vs. 801 declining with 135 unchanged.

The Technology sector currently sits up 0.4% versus the S&P 500, which is up 0.9%. On the negative front, top decliners within the sector include ServiceSource International (SREV), down 37.2%, BroadSoft (BSFT), down 15.7%, Nationstar Mortgage Holdings (NSM), down 8.6%, MSCI (MSCI), down 4.6% and CGI Group (GIB), down 4.2%. Top gainers within the sector include Computer Sciences Corporation (CSC), up 15.6%, AOL (AOL), up 12.6%, Tim Holding Company (TSU), up 5.5%, TE Connectivity (TEL), up 4.0% and Citrix Systems (CTXS), up 3.7%.

TheStreet Ratings group would like to highlight 3 stocks pushing the sector lower today:

3. Frontier Communications Corp Class B (FTR) is one of the companies pushing the Technology sector lower today. As of noon trading, Frontier Communications Corp Class B is down $0.16 (-3.6%) to $4.48 on heavy volume Thus far, 14.4 million shares of Frontier Communications Corp Class B exchanged hands as compared to its average daily volume of 9.3 million shares. The stock has ranged in price between $4.15-$4.70 after having opened the day at $4.64 as compared to the previous trading day's close of $4.64.

Frontier Communications Corporation provides communications services for residential and business customers in the United States. Frontier Communications Corp Class B has a market cap of $4.5 billion and is part of the telecommunications industry. The company has a P/E ratio of 45.1, above the S&P 500 P/E ratio of 17.7. Shares are down 12.4% year to date as of the close of trading on Monday. Currently there are 6 analysts that rate Frontier Communications Corp Class B a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Frontier Communications Corp Class B as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity. Get the full Frontier Communications Corp Class B Ratings Report now.

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