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Crown Castle International Corp (CCI): Today's Featured Technology Laggard

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.

Crown Castle International (CCI) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 0.4%. By the end of trading, Crown Castle International fell $1.72 (-2.5%) to $68.31 on heavy volume. Throughout the day, 3.2 million shares of Crown Castle International exchanged hands as compared to its average daily volume of 1.6 million shares. The stock ranged in price between $68.20-$70.09 after having opened the day at $70.03 as compared to the previous trading day's close of $70.03. Other companies within the Technology sector that declined today were: Advanced Photonix (API), down 21.9%, KVH Industries (KVHI), down 14.1%, Level three Communications (LVLT), down 13.3%, and Alteva (ALTV), down 13%.

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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 $20.75 billion and is part of the telecommunications industry. The company has a P/E ratio of 110.6, above the S&P 500 P/E ratio of 17.7. Shares are down 1.9% year to date as of the close of trading on Monday. Currently there are 12 analysts that rate Crown Castle International a buy, no analysts rate it a sell, and four 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.

On the positive front, XRS (XRSC), up 31.5%, Daqo New Energy (DQ), up 13.8%, Zhone Technologies (ZHNE), up 13.2%, and LDK Solar Company (LDK), up 13%, were all gainers within the technology sector with Sap AG ADR (SAP) being today's featured technology sector leader.

For investors not wanting singular stock exposure, 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).

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