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VeriSign Inc. (VRSN): 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.

VeriSign ( VRSN) pushed the Telecommunications industry lower today making it today's featured Telecommunications laggard. The industry as a whole closed the day up 0.3%. By the end of trading, VeriSign fell $1.12 (-2.1%) to $52.83 on average volume. Throughout the day, 1,737,804 shares of VeriSign exchanged hands as compared to its average daily volume of 1,981,900 shares. The stock ranged in price between $52.70-$54.36 after having opened the day at $54.36 as compared to the previous trading day's close of $53.95. Other companies within the Telecommunications industry that declined today were: SK Telecom ( SKM), down 5.3%, GTT Communications ( GTT), down 4.7%, Sky-mobi ( MOBI), down 4.6% and Elephant Talk Communications ( ETAK), down 4.4%.

VeriSign, Inc. provides Internet infrastructure services to various networks worldwide. The company offers domain name registry services that operate the authoritative directory of .com, .net, .cc, .tv, and .name domains, as well as the back-end systems for various.gov, .jobs, and .edu domains. VeriSign has a market cap of $7.2 billion and is part of the technology sector. Shares are down 9.8% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates VeriSign a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates VeriSign as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, expanding profit margins, increase in stock price during the past year and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front, Otelco ( OTEL), up 10.1%, Ambient Corporation ( AMBT), up 9.1%, Novatel Wireless ( NVTL), up 6.2% and Envivio ( ENVI), up 5.8% , were all gainers within the telecommunications industry with Alcatel-Lucent ( ALU) 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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