Comverse Technology Stock Hits New 52-Week Low (CMVT)

NEW YORK ( TheStreet) -- Comverse Technology (Nasdaq: CMVT) hit a new 52-week low Monday as it is currently trading at $5.88, below its previous 52-week low of $5.90 with 451,929 shares traded as of 10:05 a.m. ET. Average volume has been 2.3 million shares over the past 30 days.

Comverse Technology has a market cap of $1.34 billion and is part of the technology sector and telecommunications industry. Shares are down 10.9% year to date as of the close of trading on Friday.

Comverse Technology, Inc., through its subsidiaries, provides software-based products, systems, and related services for wireless, wireline, and cable network communication service providers.

TheStreet Ratings rates Comverse Technology as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, generally weak debt management, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full Comverse Technology Ratings Report.

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Comverse Technology Stock Gaps Down On Today's Open (CMVT)