NeuStar Inc. (NSR): Today's Featured Technology Winner - TheStreet

NeuStar

(

NSR

) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 2.5%. By the end of trading, NeuStar rose 19 cents (0.6%) to $31.39 on heavy volume. Throughout the day, 574,555 shares of NeuStar exchanged hands as compared to its average daily volume of 380,400 shares. The stock ranged in a price between $31.15-$31.54 after having opened the day at $31.15 as compared to the previous trading day's close of $31.20. Other companies within the Technology sector that increased today were:

Winland Electronics

(

WEX

), up 9.1%,

Tegal Corporation

(

TGAL

), up 8.5%,

Ditech Networks Corporation

(

DITC

), up 8.4%, and

China Sunergy

(

CSUN

), up 8.2%.

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NeuStar, Inc. provides technology and directory services to its communications service provider (carrier) and non-carrier, commercial business customers worldwide. The company operates in three segments: Carrier Services, Enterprise Services, and Information Services. NeuStar has a market cap of $2.08 billion and is part of the

telecommunications

industry. The company has a P/E ratio of 18.2, equal to the average telecommunications industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are down 9.1% year to date as of the close of trading on Wednesday. Currently there are four analysts that rate NeuStar a buy, no analysts rate it a sell, and six rate it a hold.

TheStreet Ratings rates NeuStar as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, good cash flow from operations, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front,

Overland Storage

(

OVRL

), down 35.5%,

Enova Systems

(

ENA

), down 21%,

Helios & Matheson Information Technology In

(

HMNY

), down 19.7%, and

Frontier Communications Corp Class B

(

FTR

), down 19.3%, were all losers within the technology sector with

Qualcomm

(

QCOM

) 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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