Sprint Nextel Corp (S): Today's Featured Technology Loser

Sprint Nextel ( S) pushed the Technology sector lower today making it today's featured Technology loser. The sector as a whole was unchanged today. By the end of trading, Sprint Nextel fell 17 cents (-4.9%) to $3.30 on average volume. Throughout the day, 40.6 million shares of Sprint Nextel exchanged hands as compared to its average daily volume of 52.3 million shares. The stock ranged in price between $3.29-$3.48 after having opened the day at $3.48 as compared to the previous trading day's close of $3.47. Other company's within the Technology sector that declined today were: Daystar Technologies ( DSTI), down 13.3%, Meade Instruments Corporation ( MEAD), down 10.1%, Internet Gold Golden Lines ( IGLD), down 8%, and MeetMe ( MEET), down 7.9%.

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 $10.41 billion and is part of the telecommunications industry. Shares are up 48.3% year to date as of the close of trading on Tuesday. Currently there are seven analysts that rate Sprint Nextel a buy, four analysts rate it a sell, and 15 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 deteriorating net income, disappointing return on equity, generally weak debt management, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.

On the positive front, Microvision ( MVIS), up 28.3%, Ambient Corporation ( AMBT), up 18.3%, Asure Software ( ASUR), up 15.9%, and Tucows ( TCX), up 14.4%, were all gainers within the technology sector with Salesforce.com ( CRM) 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).
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