Crown Castle International

(

CCI

) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 0.6%. By the end of trading, Crown Castle International rose 50 cents (0.9%) to $54.31 on light volume. Throughout the day, 2.1 million shares of Crown Castle International exchanged hands as compared to its average daily volume of 3.1 million shares. The stock ranged in a price between $53.56-$54.77 after having opened the day at $53.83 as compared to the previous trading day's close of $53.81. Other companies within the Technology sector that increased today were:

Deltathree

(

DDDC

), up 47.1%,

Vringo

(

VRNG

), up 24.6%,

Motricity

(

MOTR

), up 17.8%, and

Dynasil Corporation of America

(

DYSL

), up 16.3%.

Crown Castle International Corp., together with is subsidiaries, owns, operates, and leases shared wireless infrastructure primarily in the United States, Puerto Rico, and Australia. Crown Castle International has a market cap of $15.71 billion and is part of the

telecommunications

industry. The company has a P/E ratio of 94, equal to the average telecommunications industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 20.1% year to date as of the close of trading on Wednesday. Currently there are 13 analysts that rate Crown Castle International a buy, no analysts rate it a sell, and three rate it a hold.

TheStreet Ratings rates Crown Castle International as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including premium valuation and generally poor debt management.

On the negative front,

Hoku

(

HOKU

), down 25.2%,

LDK Solar Company

(

LDK

), down 15.1%,

NetApp

(

NTAP

), down 12.3%, and

Recon Technology

(

RCON

), down 11.3%, were all losers within the technology sector with

VMWare

(

VMW

) being today's technology sector loser.

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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