The technology sector closed the day up 1.7%. Inc ( BNX), China Finance Online ( JRJC), RF Monolithics ( RFMI), and OmniVision Technologies Inc ( OVTI) were all decliners today within the technology sector with Frontier Communications ( FTR) being today's featured technology loser. Frontier Communications fell 3 cents (-0.5%) to $5.97 on light volume. Throughout the day, 7.1 million shares of Frontier Communications exchanged hands as compared to its average daily volume of 15.3 million shares.

Frontier Communications Corporation, a communications company, provides regulated and unregulated voice, data, and video services to residential, business, and wholesale customers in the United States. Frontier Communications has a market cap of $6 billion and is part of the telecommunications industry. The company has a P/E ratio of 86.1, above the average telecommunications industry P/E ratio of 37.7 and above the S&P 500 P/E ratio of 17.7. Shares are down 38.3% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Frontier 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 expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and unimpressive growth in net income.

On the positive front, Nexxus Lighting Inc ( NEXS), Edgar Online Inc ( EDGR), Orsus Xelent Technologies Inc ( ORS), and Vitesse Semiconductor ( VTSS) were all gainers within the technology sector with Baidu Inc ( BIDU) being today's featured technology sector winner.

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).