NII Holdings Inc (NIHD): 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.

NII Holdings ( NIHD) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 1.1%. By the end of trading, NII Holdings fell 8 cents (-1.2%) to $6.56 on light volume. Throughout the day, 3.2 million shares of NII Holdings exchanged hands as compared to its average daily volume of 5.8 million shares. The stock ranged in price between $6.51-$6.78 after having opened the day at $6.62 as compared to the previous trading day's close of $6.64. Other companies within the Technology sector that declined today were: Powerwave Technologies ( PWAV), down 19.2%, Helios & Matheson Information Technology In ( HMNY), down 15.7%, Dataram Corporation ( DRAM), down 15.3%, and Vimicro International Corporation ( VIMC), down 13.2%.
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NII Holdings, Inc., through its subsidiaries, provides wireless communication services under the Nextel brand name to businesses and individuals in Mexico, Brazil, Argentina, Peru, and Chile. NII Holdings has a market cap of $1.11 billion and is part of the telecommunications industry. Shares are down 69.5% year to date as of the close of trading on Wednesday. Currently there are six analysts that rate NII Holdings a buy, two analysts rate it a sell, and four rate it a hold.

TheStreet Ratings rates NII Holdings as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and generally high debt management risk.

On the positive front, Nexxus Lighting ( NEXS), up 189.2%, Friendfinder Networks ( FFN), up 19.4%, Globalstar Incorporated ( GSAT), up 17.5%, and LiveDeal ( LIVE), up 17.2%, were all gainers within the technology sector with Cisco Systems ( CSCO) 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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