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 Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 0.1%. By the end of trading, Sprint Nextel fell 8 cents (-1.5%) to $5.19 on light volume. Throughout the day, 37.5 million shares of Sprint Nextel exchanged hands as compared to its average daily volume of 63.4 million shares. The stock ranged in price between $5.15-$5.30 after having opened the day at $5.21 as compared to the previous trading day's close of $5.27. Other companies within the Technology sector that declined today were:
), down 13.9%,
), down 10.5%,
), down 10.5%, and
), down 10.4%.
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Sprint Nextel Corporation, together with its subsidiaries, offers wireless and wireline communications products and services to individual consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the United States Virgin Islands. Sprint Nextel has a market cap of $15.78 billion and is part of the
industry. Shares are up 125.2% year to date as of the close of trading on Monday. Currently there are 10 analysts that rate Sprint Nextel a buy, four analysts rate it a sell, and 12 rate it a hold.
TheStreet Ratings rates Sprint Nextel as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and generally higher debt management risk.
- You can view the full Sprint Nextel Ratings Report.
On the positive front,
), up 74.5%,
), up 45%,
), up 16.7%, and
), up 15.3%, were all gainers within the technology sector with
) being today's featured technology sector leader.
- Use our technology section to find sector-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 technology sector could consider
) while those bearish on the technology sector could consider
- Find other investment ideas from our top rated ETFs lists.
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