Harris Corporation (HRS): Today's Featured Telecommunications Laggard
(
) pushed the Telecommunications industry lower today making it today's featured Telecommunications laggard. The industry as a whole closed the day down 0.1%. By the end of trading, Harris Corporation fell $0.64 (-1.3%) to $49.32 on light volume. Throughout the day, 524,973 shares of Harris Corporation exchanged hands as compared to its average daily volume of 877,900 shares. The stock ranged in price between $49.11-$50.27 after having opened the day at $49.79 as compared to the previous trading day's close of $49.96. Other companies within the Telecommunications industry that declined today were:
(
), down 8.7%,
(
), down 7.5%,
(
), down 5.7% and
(
), down 4.3%.
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 $5.4 billion and is part of the technology sector. The company has a P/E ratio of 10.7, below the S&P 500 P/E ratio of 17.7. Shares are up 2.0% year to date as of the close of trading on Monday. Currently there is 1 analyst that rates Harris Corporation a buy, 2 analysts rate it a sell, and 8 rate it a hold.
TheStreet Ratings rates
Harris Corporation
as a
. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, notable return on equity, increase in stock price during the past year, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
- You can view the full Harris Corporation Ratings Report.
On the positive front,
(
), up 14.9%,
(
), up 14.2%,
(
), up 13.1% and
(
), up 10.1% , 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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