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

.

Qualcomm

(

QCOM

) pushed the Telecommunications industry lower today making it today's featured Telecommunications laggard. The industry as a whole closed the day down 1.1%. By the end of trading, Qualcomm fell 91 cents (-1.5%) to $61.20 on light volume. Throughout the day, 7.6 million shares of Qualcomm exchanged hands as compared to its average daily volume of 11.6 million shares. The stock ranged in price between $61.07-$61.97 after having opened the day at $61.64 as compared to the previous trading day's close of $62.11. Other companies within the Telecommunications industry that declined today were:

Ciena Corporation

(

CIEN

), down 19.5%,

Mahanagar Telephone Nigam

(

MTE

), down 9.3%,

Globalstar Incorporated

(

GSAT

), down 8.6%, and

Otelco

(

OTT

), down 6.9%.

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QUALCOMM Incorporated designs, develops, manufactures, and markets digital telecommunications products and services. Qualcomm has a market cap of $105.62 billion and is part of the

technology

sector. The company has a P/E ratio of 20.9, above the average telecommunications industry P/E ratio of 18.2 and above the S&P 500 P/E ratio of 17.7. Shares are up 13.4% year to date as of the close of trading on Wednesday. Currently there are 32 analysts that rate Qualcomm a buy, no analysts rate it a sell, and one rates it a hold.

TheStreet Ratings rates Qualcomm as a

buy

. 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, solid stock price performance, growth in earnings per share and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front,

Nexxus Lighting

(

NEXS

), up 9.2%,

eOn Communications Corporation

(

EONC

), up 7.2%,

RIT Technologies

(

RITT

), up 7.1%, and

RRSat Global Communications Network

(

RRST

), up 6.5%, were all gainers within the telecommunications industry with

Frontier Communications Corp Class B

(

FTR

) being today's featured telecommunications industry leader.

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

iShares Dow Jones US Telecom

(

IYZ

) while those bearish on the telecommunications industry could consider

ProShares Ult Sht Telecommunication

(

TLL

).

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