Clearwire Corp (CLWR): Today's Featured Technology Winner
(
) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 1.4%. By the end of trading, Clearwire rose 2 cents (1.7%) to $1.20 on light volume. Throughout the day, 8.4 million shares of Clearwire exchanged hands as compared to its average daily volume of 16 million shares. The stock ranged in a price between $1.15-$1.22 after having opened the day at $1.16 as compared to the previous trading day's close of $1.18. Other companies within the Technology sector that increased today were:
(
), up 59.2%,
(
), up 29.1%,
(
), up 28.2%, and
(
), up 28%.
Clearwire Corporation, through its subsidiaries, provides fourth generation wireless broadband services in the United States. The company builds and operates mobile broadband networks that offer high-speed mobile Internet and residential Internet access services. Clearwire has a market cap of $596 million and is part of the
industry. Shares are down 39.2% year to date as of the close of trading on Tuesday. Currently there are two analysts that rate Clearwire a buy, one analyst rates it a sell, and 10 rate it a hold.
TheStreet Ratings rates Clearwire as a
. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, generally disappointing historical performance in the stock itself and generally weak debt management.
- You can view the full Clearwire Ratings Report.
On the negative front,
(
), down 26.3%,
(
), down 22.1%,
(
), down 12.8%, and
Network Equipment Technologies
(
), down 12%, were all losers within the technology sector with
Cognizant Technology Solutions Corporation
(
) being today's technology sector loser.
- Use our technology section to find sector-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 technology sector could consider
(
) while those bearish on the technology sector could consider
ProShares Ultra Short Technology
(
).
- Find other investment ideas from our top rated ETFs lists.
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