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Sprint Corp (Will Be Deleted) (S): Today's Featured Telecommunications Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Sprint Corp (Will be Deleted ( S) pushed the Telecommunications industry lower today making it today's featured Telecommunications laggard. The industry as a whole closed the day down 0.4%. By the end of trading, Sprint Corp (Will be Deleted fell $0.08 (-1.4%) to $5.74 on light volume. Throughout the day, 17,992,213 shares of Sprint Corp (Will be Deleted exchanged hands as compared to its average daily volume of 48,289,800 shares. The stock ranged in price between $5.73-$5.85 after having opened the day at $5.83 as compared to the previous trading day's close of $5.82. Other companies within the Telecommunications industry that declined today were: TeleCommunication Systems ( TSYS), down 14.5%, Netgear ( NTGR), down 9.1%, Ikanos Communications ( IKAN), down 5.8% and Tata Communications ( TCL), down 4.7%.

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 Corp (Will be Deleted has a market cap of $16.5 billion and is part of the technology sector. Shares are unchanged year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate Sprint Corp (Will be Deleted a buy, 2 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Sprint Corp (Will be Deleted as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and increase in net income. 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.

On the positive front, Zhone Technologies ( ZHNE), up 14.8%, Alvarion ( ALVR), up 7.0%, On Track Innovations ( OTIV), up 6.2% and magicJack VocalTec ( CALL), up 4.8% , were all gainers within the telecommunications industry with VeriSign ( VRSN) being today's featured telecommunications industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider iShares Dow Jones US Telecom ( IYZ) while those bearish on the telecommunications industry could consider ProShares Ult Sht Telecommunication ( TLL).

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