The

technology

sector closed the day down 2.2%.

First Solar Inc

(

FSLR

),

Interactive Intelligence Group Inc

(

ININ

),

Opnext Inc

(

OPXT

), and

Netsol Technologies Inc

(

NTWK

) were all decliners today within the technology sector with

Corning Inc

(

GLW

) being today's featured technology loser. Corning Inc fell 57 cents (-4%) to $13.72 on average volume. Throughout the day, 20.2 million shares of Corning Inc exchanged hands as compared to its average daily volume of 21.7 million shares.

Corning Incorporated manufactures and processes specialty glass and ceramics products worldwide. It operates in five segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials, and Life Sciences. Corning Inc has a market cap of $21.6 billion and is part of the

electronics

industry. The company has a P/E ratio of 6.5, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 28.9% year to date as of the close of trading on Monday.

TheStreet Ratings rates Corning as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, weak operating cash flow and feeble growth in the company's earnings per share.

On the positive front,

SMTC Corporation

(

SMTX

),

Unisys Corporation

(

UIS

),

RF Monolithics

(

RFMI

), and

Bridgeline Digital Inc

(

BLIN

) were all gainers within the technology sector with

ON Semiconductor Corporation

(

ONNN

) being today's featured technology sector winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider

Technology Select Sector SPDR

(

XLK

) while those bearish on the technology sector could consider

ProShares Ultra Short Technology

(

REW

).

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