The Technology sector as a whole closed the day down 1.1% versus the S&P 500, which was down 1.0%. Laggards within the Technology sector included

UBIC

(

UBIC

), down 3.2%,

Glowpoint

(

GLOW

), down 6.6%,

Digital Power

(

DPW

), down 3.5%,

Issuer Direct

(

ISDR

), down 1.7% and

Intelligent Systems

(

INS

), down 3.8%.

TheStreet Ratings Group would like to highlight 3 stocks that pushed the sector lower today:

Nippon Telegraph & Telephone

(

NTT

) is one of the companies that pushed the Technology sector lower today. Nippon Telegraph & Telephone was down $0.64 (1.6%) to $39.47 on average volume. Throughout the day, 336,346 shares of Nippon Telegraph & Telephone exchanged hands as compared to its average daily volume of 291,500 shares. The stock ranged in price between $39.26-$39.52 after having opened the day at $39.30 as compared to the previous trading day's close of $40.11.

Nippon Telegraph and Telephone Corporation, together with its subsidiaries, provides fixed and mobile voice related services, IP/packet communications services, telecommunications equipment, and system integration and other telecommunications-related services in Japan. Nippon Telegraph & Telephone has a market cap of $178.3 billion and is part of the telecommunications industry. Shares are up 56.6% year-to-date as of the close of trading on Monday. Currently there is 1 analyst who rates Nippon Telegraph & Telephone a buy, no analysts rate it a sell, and none rate it a hold.

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TheStreet Ratings rates

Nippon Telegraph & Telephone

as a

buy

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, solid stock price performance and expanding profit margins. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from TheStreet Ratings analysis on NTT go as follows:

  • The current debt-to-equity ratio, 0.51, is low and is below the industry average, implying that there has been successful management of debt levels. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.05, which illustrates the ability to avoid short-term cash problems.
  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period, despite the company's weak earnings results. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • 47.89% is the gross profit margin for NIPPON TELEGRAPH & TELEPHONE which we consider to be strong. Regardless of NTT's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, the net profit margin of 2.33% trails the industry average.
  • NTT, with its decline in revenue, underperformed when compared the industry average of 5.9%. Since the same quarter one year prior, revenues fell by 18.8%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.

You can view the full analysis from the report here:

Nippon Telegraph & Telephone Ratings Report

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At the close,

Glowpoint

(

GLOW

) was down $0.05 (6.6%) to $0.71 on light volume. Throughout the day, 5,706 shares of Glowpoint exchanged hands as compared to its average daily volume of 8,900 shares. The stock ranged in price between $0.70-$0.73 after having opened the day at $0.73 as compared to the previous trading day's close of $0.76.

Glowpoint has a market cap of $26.1 million and is part of the telecommunications industry. Shares are down 30.9% year-to-date as of the close of trading on Monday.

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UBIC

(

UBIC

) was another company that pushed the Technology sector lower today. UBIC was down $0.42 (3.2%) to $12.81 on heavy volume. Throughout the day, 2,125 shares of UBIC exchanged hands as compared to its average daily volume of 400 shares. The stock ranged in price between $12.72-$12.98 after having opened the day at $12.98 as compared to the previous trading day's close of $13.23.

UBIC has a market cap of $234.8 million and is part of the telecommunications industry. Shares are down 1.6% year-to-date as of the close of trading on Monday. Currently there is 1 analyst who rates UBIC a buy, no analysts rate it a sell, and none rate it a hold.

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