Sprint Nextel Corp (S): Today's Featured Technology Winner

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.

Sprint Nextel (S) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole was unchanged today. By the end of trading, Sprint Nextel rose 6 cents (1%) to $5.92 on light volume. Throughout the day, 23.6 million shares of Sprint Nextel exchanged hands as compared to its average daily volume of 36.8 million shares. The stock ranged in a price between $5.84-$5.94 after having opened the day at $5.85 as compared to the previous trading day's close of $5.86. Other companies within the Technology sector that increased today were: Crossroads Systems (CRDS), up 32.1%, Majesco Entertainment Company (COOL), up 24.1%, OCZ Technology Group (OCZ), up 20.7%, and SemiLEDs (LEDS), up 19.6%.

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Sprint Nextel Corporation, through its subsidiaries, offers a range of wireless and wireline communications products and services to individual consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the U.S. Virgin Islands. Sprint Nextel has a market cap of $17.7 billion and is part of the telecommunications industry. Shares are up 3.4% year to date as of the close of trading on Monday. Currently there are six analysts that rate Sprint Nextel a buy, two analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Sprint Nextel as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and generally higher debt management risk.

• You can view the full Sprint Nextel Ratings Report.

On the negative front, eMagin Corporation (EMAN), down 14.3%, GigaMedia (GIGM), down 11.7%, AVG Technologies (AVG), down 10.3%, and Pulse Electronics (PULS), down 10%, were all laggards within the technology sector with Infosys (INFY) being today's technology sector laggard.

• Use our technology section to find sector-relevant news.
• Or find some new ideas from our top rated stocks lists.

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).

• Find other investment ideas from our top rated ETFs lists.

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For more information on Sprint Nextel Corp click any of the following:

• Sprint Nextel Corp Stock Price

• Sprint Nextel Corp Analyst Ratings

• Sprint Nextel Corp Key Stats & Profile

• Sprint Nextel Corp Earnings

• Sprint Nextel Corp Ratio Comparison

• Sprint Nextel Corp Growth Rates

• Sprint Nextel Corp Balance Sheet

• Sprint Nextel Corp Cash Flow

• Sprint Nextel Corp Income Statement