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Verizon Communications Inc (VZ): Today's Featured Technology Winner

Verizon Communications ( VZ) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 1.3%. By the end of trading, Verizon Communications rose $0.67 (1.3%) to $51.21 on average volume. Throughout the day, 10,150,101 shares of Verizon Communications exchanged hands as compared to its average daily volume of 12,529,300 shares. The stock ranged in a price between $50.77-$51.29 after having opened the day at $51.00 as compared to the previous trading day's close of $50.54. Other companies within the Technology sector that increased today were: Wave Systems Corporation ( WAVX), up 35.1%, SatCon Technology Corporation ( SATC), up 16.7%, Radcom ( RDCM), up 15.4% and Elephant Talk Communications ( ETAK), up 15.2%.

Verizon Communications Inc., through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Verizon Communications has a market cap of $151.2 billion and is part of the telecommunications industry. Shares are up 16.8% year to date as of the close of trading on Wednesday. Currently there are 16 analysts that rate Verizon Communications a buy, no analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates Verizon Communications as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

On the negative front, Alvarion ( ALVR), down 57.1%, SemiLEDs ( LEDS), down 15.8%, Marketo ( MKTO), down 11.5% and Astea International ( ATEA), down 9.8%.

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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