Alcatel-Lucent ( ALU) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 0.1%. By the end of trading, Alcatel-Lucent rose 7 cents (4.4%) to $1.67 on light volume. Throughout the day, 15 million shares of Alcatel-Lucent exchanged hands as compared to its average daily volume of 24.9 million shares. The stock ranged in a price between $1.58-$1.68 after having opened the day at $1.60 as compared to the previous trading day's close of $1.60. Other companies within the Technology sector that increased today were: Banks.com ( BNX), up 36.4%, Helios & Matheson Information Technology In ( HMNY), up 13.5%, BTU International ( BTUI), up 11.8%, and Mitek Systems ( MITK), up 11.6%. Alcatel-Lucent, S.A. provides products, solutions, and transformation services that enable service providers, enterprises, governments, and strategic industries to deliver voice, data, and video communication services to end-users worldwide. Alcatel-Lucent has a market cap of $3.91 billion and is part of the telecommunications industry. Shares are down 45.9% year to date as of the close of trading on Tuesday. Currently there are four analysts that rate Alcatel-Lucent a buy, one analyst rates it a sell, and six rate it a hold. TheStreet Ratings rates Alcatel-Lucent as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, generally poor debt management and weak operating cash flow.
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