Sprint Nextel ( S) pushed the Technology sector lower today making it today's featured Technology loser. The sector as a whole closed the day up 1.1%. By the end of trading, Sprint Nextel fell 4 cents (-1.6%) to $2.43 on heavy volume. Throughout the day, 145.2 million shares of Sprint Nextel exchanged hands as compared to its average daily volume of 49.9 million shares. The stock ranged in price between $2.41-$2.65 after having opened the day at $2.60 as compared to the previous trading day's close of $2.47. Other company's within the Technology sector that declined today were: Deltathree ( DDDC), down 40%, Inphi ( IPHI), down 28.4%, BroadVision ( BVSN), down 19%, and Enova Systems ( ENA), down 17.2%. 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 $7.01 billion and is part of the telecommunications industry. Shares are up 5.6% year to date as of the close of trading on Tuesday. Currently there are six analysts that rate Sprint Nextel a buy, four analysts rate it a sell, and 16 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 unimpressive growth in net income, disappointing return on equity, weak operating cash flow, generally weak debt management and generally disappointing historical performance in the stock itself.
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