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
) pushed the Telecommunications industry higher today making it today's featured telecommunications winner. The industry as a whole closed the day down 0.5%. By the end of trading, Acme Packet rose 19 cents (1.1%) to $17.99 on light volume. Throughout the day, 1.1 million shares of Acme Packet exchanged hands as compared to its average daily volume of 2.7 million shares. The stock ranged in a price between $17.36-$18.24 after having opened the day at $17.60 as compared to the previous trading day's close of $17.80. Other companies within the Telecommunications industry that increased today were:
), up 17.3%,
), up 9.8%,
), up 8.6%, and
), up 8.5%.
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Acme Packet, Inc. provides session delivery network solutions that enable the delivery of voice, video, data, and unified communications services and applications across Internet protocol (IP) networks. Acme Packet has a market cap of $1.25 billion and is part of the
sector. The company has a P/E ratio of 67.4, equal to the average telecommunications industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are down 41.2% year to date as of the close of trading on Friday. Currently there is one analyst that rates Acme Packet a buy, two analysts rate it a sell, and 15 rate it a hold.
TheStreet Ratings rates Acme Packet as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income.
- You can view the full Acme Packet Ratings Report.
On the negative front,
), down 9.7%,
), down 8.3%,
), down 7.5%, and
), down 6.1%, were all laggards within the telecommunications industry with
) being today's telecommunications industry laggard.
- 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
- Find other investment ideas from our top rated ETFs lists.
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