CenturyLink Inc (CTL): Today's Featured Technology Winner

CenturyLink ( CTL) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 0.2%. By the end of trading, CenturyLink rose 55 cents (1.4%) to $39.92 on heavy volume. Throughout the day, 8.2 million shares of CenturyLink exchanged hands as compared to its average daily volume of five million shares. The stock ranged in a price between $39.47-$40 after having opened the day at $39.56 as compared to the previous trading day's close of $39.37. Other companies within the Technology sector that increased today were: RIT Technologies ( RITT), up 56.9%, Winland Electronics ( WEX), up 31.8%, Kingtone Wirelessinfo Solution ( KONE), up 21.7%, and Ascent Solar Technologies ( ASTI), up 18.7%.

CenturyLink, Inc. operates as an integrated telecommunications company in the United States. The company provides local and long-distance, network access, private line, public access, broadband, data, managed hosting, colocation, wireless, and video services to consumers and businesses. CenturyLink has a market cap of $24.55 billion and is part of the telecommunications industry. The company has a P/E ratio of 56.2, above the average telecommunications industry P/E ratio of 45.4 and above the S&P 500 P/E ratio of 17.7. Shares are up 6.2% year to date as of the close of trading on Tuesday. Currently there are 13 analysts that rate CenturyLink a buy, no analysts rate it a sell, and five rate it a hold.

TheStreet Ratings rates CenturyLink as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the negative front, OCZ Technology Group ( OCZ), down 17.4%, Adtran ( ADTN), down 15.4%, ARC Wireless Solutions ( ARCW), down 11.3%, and Silicon Motion Technology Corporation ( SIMO), down 11.1%, were all losers within the technology sector with Cooper Industries ( CBE) being today's technology sector loser.

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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