Harris Corporation (HRS): Today's Featured Telecommunications Laggard
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
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(
) pushed the Telecommunications industry lower today making it today's featured Telecommunications laggard. The industry as a whole closed the day down 0.5%. By the end of trading, Harris Corporation fell 51 cents (-1.1%) to $48.14 on light volume. Throughout the day, 535,682 shares of Harris Corporation exchanged hands as compared to its average daily volume of 942,500 shares. The stock ranged in price between $47.79-$49.04 after having opened the day at $48.46 as compared to the previous trading day's close of $48.65. Other companies within the Telecommunications industry that declined today were:
(
), down 15.7%,
(
), down 12.6%,
(
), down 11.5%, and
(
), down 11.1%.
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Harris Corporation, together with its subsidiaries, operates as an international communications and information technology company that serves government and commercial markets worldwide. Harris Corporation has a market cap of $5.45 billion and is part of the technology sector. The company has a P/E ratio of 9.9, below the S&P 500 P/E ratio of 17.7. Shares are up 35% year to date as of the close of trading on Friday. Currently there is one analyst that rates Harris Corporation a buy, one analyst rates it a sell, and nine rate it a hold.
TheStreet Ratings rates Harris Corporation as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity, good cash flow from operations, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Harris Ratings Report.
On the positive front,
(
), up 7%,
(
), up 5.2%,
(
), up 5%, and
(
), up 4.4%, were all gainers within the telecommunications industry with
(
) being today's featured telecommunications industry leader.
- Use our telecommunications section to find industry-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 telecommunications industry could consider
(
) while those bearish on the telecommunications industry could consider
ProShares Ult Sht Telecommunication
(
).
- Find other investment ideas from our top rated ETFs lists.
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