5 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

The Dow Jones Industrial Average (^DJI) steady at 13,953 as of Wednesday, Jan. 30, 2013, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,129 issues advancing vs. 1,699 declining with 163 unchanged.

The Technology sector currently sits down 0.2% versus the S&P 500, which is down 0.0%. On the negative front, top decliners within the sector include Turkcell Iletisim Hizmetleri AS (TKC), down 7.0%, Advanced Semiconductor Engineering (ASX), down 2.9%, Corning (GLW), down 2.1%, Citrix Systems (CTXS), down 1.7% and Rogers Communications (RCI), down 0.7%. Top gainers within the sector include Manhattan Associates (MANH), up 14.6%, CommVault Systems (CVLT), up 10.7%, Aspen Technology (AZPN), up 8.8%, CGI Group (GIB), up 6.6% and EMC Corporation (EMC), up 2.3%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector lower today:

5. Alcatel-Lucent (ALU) is one of the companies pushing the Technology sector lower today. As of noon trading, Alcatel-Lucent is down $0.07 (-4.1%) to $1.63 on average volume Thus far, 13.8 million shares of Alcatel-Lucent exchanged hands as compared to its average daily volume of 21.2 million shares. The stock has ranged in price between $1.61-$1.66 after having opened the day at $1.66 as compared to the previous trading day's close of $1.70.

Alcatel-Lucent, S.A. provides networking and communications technology, products, and services to service providers, enterprises, and governments worldwide. Alcatel-Lucent has a market cap of $4.0 billion and is part of the telecommunications industry. The company has a P/E ratio of 4.9, below the S&P 500 P/E ratio of 17.7. Shares are up 25.9% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Alcatel-Lucent a buy, 6 analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Alcatel-Lucent as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, generally high debt management risk, disappointing return on equity, poor profit margins and generally disappointing historical performance in the stock itself. Get the full Alcatel-Lucent Ratings Report now.

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4. As of noon trading, Ericsson Telephone Company (ERIC) is down $0.08 (-0.7%) to $10.85 on heavy volume Thus far, 3.5 million shares of Ericsson Telephone Company exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $10.79-$10.88 after having opened the day at $10.84 as compared to the previous trading day's close of $10.93.

Ericsson provides communications equipment, professional services, and multimedia solutions to mobile and fixed networks operators worldwide. Ericsson Telephone Company has a market cap of $35.8 billion and is part of the telecommunications industry. The company has a P/E ratio of 15.8, below the S&P 500 P/E ratio of 17.7. Shares are up 7.3% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Ericsson Telephone Company a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Ericsson Telephone Company 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, reasonable valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Ericsson Telephone Company Ratings Report now.

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3. As of noon trading, Crown Castle International (CCI) is down $0.87 (-1.2%) to $71.69 on heavy volume Thus far, 1.7 million shares of Crown Castle International exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $71.54-$72.55 after having opened the day at $72.55 as compared to the previous trading day's close of $72.56.

Crown Castle International Corp., together with is subsidiaries, owns, operates, and leases shared wireless infrastructure primarily in the United States, Puerto Rico, and Australia. Crown Castle International has a market cap of $21.5 billion and is part of the telecommunications industry. The company has a P/E ratio of 114.7, above the S&P 500 P/E ratio of 17.7. Shares are up 1.7% year to date as of the close of trading on Tuesday. Currently there are 12 analysts that rate Crown Castle International a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Crown Castle International as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and premium valuation. Get the full Crown Castle International Ratings Report now.

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2. As of noon trading, Nokia Oyj (NOK) is down $0.10 (-2.4%) to $4.11 on average volume Thus far, 24.6 million shares of Nokia Oyj exchanged hands as compared to its average daily volume of 64.2 million shares. The stock has ranged in price between $4.06-$4.23 after having opened the day at $4.20 as compared to the previous trading day's close of $4.21.

Nokia Corporation provides telecommunications infrastructure hardware, software, and services worldwide. The company offers smart phones and smart devices; and feature phones, and related services and applications. Nokia Oyj has a market cap of $15.9 billion and is part of the telecommunications industry. Shares are up 7.6% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Nokia Oyj a buy, 10 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Nokia Oyj as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself. Get the full Nokia Oyj Ratings Report now.

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1. As of noon trading, Research in Motion (RIMM) is down $1.15 (-7.3%) to $14.51 on heavy volume Thus far, 123.4 million shares of Research in Motion exchanged hands as compared to its average daily volume of 49.8 million shares. The stock has ranged in price between $14.41-$16.62 after having opened the day at $16.08 as compared to the previous trading day's close of $15.66.

Research In Motion Limited designs, manufactures, and markets wireless solutions for the mobile communications market worldwide. Research in Motion has a market cap of $8.5 billion and is part of the telecommunications industry. Shares are up 36.3% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Research in Motion a buy, 14 analysts rate it a sell, and 15 rate it a hold.

TheStreet Ratings rates Research in Motion as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity and poor profit margins. Get the full Research in Motion Ratings Report now.

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If you are interested in one of these 5 stocks, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR (XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology (REW).

A reminder about TheStreet Ratings group: 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.

 

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