Agilent Technologies Inc (A): Today's Featured Technology Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Agilent Technologies ( A) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day down 0.1%. By the end of trading, Agilent Technologies fell 41 cents (-1.1%) to $37.44 on average volume. Throughout the day, three million shares of Agilent Technologies exchanged hands as compared to its average daily volume of 2.9 million shares. The stock ranged in price between $37.29-$37.82 after having opened the day at $37.75 as compared to the previous trading day's close of $37.85. Other companies within the Technology sector that declined today were: MER Telemanagement Solutions ( MTSL), down 15.1%, XRS ( XRSC), down 13.5%, RIT Technologies ( RITT), down 10.9%, and Kingtone Wirelessinfo Solution ( KONE), down 10.8%.

Agilent Technologies, Inc. provides bio-analytical and electronic measurement solutions to the communications, electronics, life sciences, and chemical analysis industries worldwide. Agilent Technologies has a market cap of $14.18 billion and is part of the electronics industry. The company has a P/E ratio of 13.1, below the average electronics industry P/E ratio of 13.2 and below the S&P 500 P/E ratio of 17.7. Shares are up 8.4% year to date as of the close of trading on Friday. Currently there are 14 analysts that rate Agilent Technologies a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Agilent Technologies as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front, Kenexa ( KNXA), up 41.4%, Daystar Technologies ( DSTI), up 25.5%, Microvision ( MVIS), up 11.6%, and Nam Tai Electronics ( NTE), up 10.7%, were all gainers within the technology sector with Sap AG ADR ( SAP) being today's featured technology sector leader.

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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