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Sprint Nextel

(

S

) pushed the Telecommunications industry higher today making it today's featured telecommunications winner. The industry as a whole closed the day down 2%. By the end of trading, Sprint Nextel rose 5 cents (1.6%) to $3.18 on average volume. Throughout the day, 51 million shares of Sprint Nextel exchanged hands as compared to its average daily volume of 50.1 million shares. The stock ranged in a price between $3.14-$3.22 after having opened the day at $3.14 as compared to the previous trading day's close of $3.13. Other companies within the Telecommunications industry that increased today were:

Ditech Networks Corporation

(

DITC

), up 8.4%,

NTS

(

NTS

), up 5.9%,

B Communications

(

BCOM

), up 4.9%, and

TheStreet Recommends

DragonWave

(

DRWI

), up 4.2%.

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Sprint Nextel Corporation, together with its subsidiaries, offers a range of 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 $9.45 billion and is part of the

technology

sector. Shares are up 33.8% year to date as of the close of trading on Wednesday. Currently there are seven analysts that rate Sprint Nextel a buy, four analysts rate it a sell, and 15 rate it a hold.

TheStreet Ratings rates Sprint Nextel as a

sell

. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally weak debt management, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.

On the negative front,

Frontier Communications Corp Class B

(

FTR

), down 19.3%,

Orckit Communications

(

ORCT

), down 11.3%,

Blonder Tongue Laboratories

(

BDR

), down 9.5%, and

Glowpoint

(

GLOW

), down 7.8%, were all losers within the telecommunications industry with

AT&T

(

T

) being today's telecommunications industry loser.

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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