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

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 higher today making it today's featured technology winner. The sector as a whole closed the day up 0.1%. By the end of trading, Agilent Technologies rose 94 cents (2.5%) to $38.42 on average volume. Throughout the day, four million shares of Agilent Technologies exchanged hands as compared to its average daily volume of 2.9 million shares. The stock ranged in a price between $37.27-$38.58 after having opened the day at $37.48 as compared to the previous trading day's close of $37.48. Other companies within the Technology sector that increased today were: Parkervision ( PRKR), up 13.8%, Calix ( CALX), up 10.6%, Dynasil Corporation of America ( DYSL), up 9.8%, and China Finance Online ( JRJC), up 9.1%.

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 $12.77 billion and is part of the electronics industry. The company has a P/E ratio of 12.8, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 5.2% year to date as of the close of trading on Thursday. 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 negative front, Audience ( ADNC), down 63.4%, Kingtone Wirelessinfo Solution ( KONE), down 29%, Envivio ( ENVI), down 17.2%, and XRS ( XRSC), down 15.5%, were all laggards within the technology sector with ASML ( ASML) being today's technology sector laggard.

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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