The telecommunications industry closed the day down 2%. Ciena Corporation ( CIEN), Towerstream Corporation ( TWER), Motricity Inc ( MOTR), and Dialogic Inc ( DLGC) were all decliners today within the telecommunications industry with Research in Motion ( RIMM) being today's featured telecommunications loser. Research in Motion fell $1.22 (-5.2%) to $22.27 on light volume. Throughout the day, 14.7 million shares of Research in Motion exchanged hands as compared to its average daily volume of 24.8 million shares. Research In Motion Limited (RIM) designs, manufactures, and markets wireless solutions for the worldwide mobile communications market. Research in Motion has a market cap of $11.9 billion and is part of the technology sector. The company has a P/E ratio of 4.2, equal to the average telecommunications industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 59.6% year to date as of the close of trading on Monday. TheStreet Ratings rates Research in Motion as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and a generally disappointing performance in the stock itself.
- You can view the full Research in Motion Ratings Report.
- Use our telecommunications section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
- Find other investment ideas from our top rated ETFs lists.