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 10 points (0.1%) at 14,085 as of Thursday, Feb. 28, 2013, 12:04 PM ET. The NYSE advances/declines ratio sits at 1,607 issues advancing vs. 1,243 declining with 160 unchanged.

The Technology sector currently is unchanged today versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the sector include CGG (CGG), down 8.9%, Telecom Argentina (TEO), down 7.2%, Catamaran (CTRX), down 5.4%, Nokia Oyj (NOK), down 2.9% and LG.Display Company (LPL), down 2.6%. Top gainers within the sector include P.T. Telekomunikasi Indonesia Tbk (TLK), up 5.3%, Research in Motion (BBRY), up 2.3%, Research in Motion (RIMM), up 2.3%, Rackspace Hosting (RAX), up 1.9% and China Unicom (Hong Kong (CHU), up 1.5%.

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

3. BroadSoft (BSFT) is one of the companies pushing the Technology sector lower today. As of noon trading, BroadSoft is down $8.76 (-28.4%) to $22.14 on heavy volume Thus far, 7.2 million shares of BroadSoft exchanged hands as compared to its average daily volume of 381,800 shares. The stock has ranged in price between $21.30-$23.50 after having opened the day at $23.48 as compared to the previous trading day's close of $30.91.

BroadSoft, Inc. provides software and services that enable mobile, fixed-line, and cable service providers to deliver unified communications and other voice and multimedia services over Internet protocol (IP) based networks. BroadSoft has a market cap of $928.3 million and is part of the computer software & services industry. The company has a P/E ratio of 75.8, above the S&P 500 P/E ratio of 17.7. Shares are down 8.2% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate BroadSoft a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates BroadSoft as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. Get the full BroadSoft Ratings Report now.

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• BroadSoft Inc. Income Statement