Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Ubiquiti Networks

(

UBNT

) pushed the Telecommunications industry lower today making it today's featured Telecommunications laggard. The industry as a whole closed the day down 0.4%. By the end of trading, Ubiquiti Networks fell $4.01 (-9.6%) to $37.94 on heavy volume. Throughout the day, 2,070,816 shares of Ubiquiti Networks exchanged hands as compared to its average daily volume of 884,500 shares. The stock ranged in price between $37.81-$41.95 after having opened the day at $41.89 as compared to the previous trading day's close of $41.95. Other companies within the Telecommunications industry that declined today were:

Glowpoint

(

GLOW

), down 10.7%,

Zoom Technologies

(

ZOOM

), down 9.9%,

China TechFaith Wireless Comm Tech

(

CNTF

), down 6.5% and

On Track Innovations

(

OTIV

), down 6.4%.

Ubiquiti Networks, Inc., together with its subsidiaries, offers a portfolio of networking products and solutions for service providers and enterprises. Ubiquiti Networks has a market cap of $3.7 billion and is part of the technology sector. The company has a P/E ratio of 35.2, above the S&P 500 P/E ratio of 17.7. Shares are up 247.7% year to date as of the close of trading on Friday. Currently there are 6 analysts that rate Ubiquiti Networks a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates

Ubiquiti Networks

as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and increase in net income. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good.

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On the positive front,

Alvarion

(

ALVR

), up 25.0%,

ARC Group Worldwide

(

ARCW

), up 9.1%,

InfoSonics Corporation

(

IFON

), up 8.1% and

8x8

(

EGHT

), up 7.0%.

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

).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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