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 up 0.6%. By the end of trading, Clearwire rose $1.02 (29.3%) to $4.50 on heavy volume. Throughout the day, 97,778,364 shares of Clearwire exchanged hands as compared to its average daily volume of 9,100,400 shares. The stock ranged in a price between $4.13-$4.56 after having opened the day at $4.20 as compared to the previous trading day's close of $3.48. Other companies within the Telecommunications industry that increased today were:
), up 11.8%,
), up 6.3%,
), up 5.6% and
), up 5.5%.
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Clearwire Corporation, through its subsidiaries, provides fourth generation (4G) wireless broadband services in the United States. Clearwire has a market cap of $2.4 billion and is part of the technology sector. Shares are up 18.7% year to date as of the close of trading on Wednesday. Currently there are no analysts that rate Clearwire a buy, 3 analysts rate it a sell, and 8 rate it a hold.
TheStreet Ratings rates Clearwire as a
. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, poor profit margins and generally high debt management risk.
- You can view the full Clearwire Ratings Report.
On the negative front,
), down 12.9%,
), down 9.2%,
), down 6.8% and
), down 5.5% , 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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