Nokia Oyj (NOK): 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.

Nokia Oyj ( NOK) 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, Nokia Oyj rose 3 cents (1.1%) to $2.65 on light volume. Throughout the day, 23.2 million shares of Nokia Oyj exchanged hands as compared to its average daily volume of 52.7 million shares. The stock ranged in a price between $2.61-$2.67 after having opened the day at $2.62 as compared to the previous trading day's close of $2.62. Other companies within the Technology sector that increased today were: Kayak Software Corp Class A ( KYAK), up 27.8%, Digital Generation ( DGIT), up 17.9%, SciQuest ( SQI), up 16.3%, and ACI Worldwide ( ACIW), up 12.7%.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Nokia Corporation provides telecommunications infrastructure hardware, software, and services worldwide. The company offers smart phones and smart devices; and feature phones, and related services and applications. Nokia Oyj has a market cap of $9.8 billion and is part of the telecommunications industry. The company has a P/E ratio of -6.6, below the S&P 500 P/E ratio of 17.7. Shares are down 45.2% year to date as of the close of trading on Thursday. Currently there is one analyst that rates Nokia Oyj a buy, 10 analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Nokia Oyj as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself.

On the negative front, Groupon ( GRPN), down 29.6%, DTS ( DTSI), down 28.2%, Pulse Electronics ( PULS), down 22.2%, and Intellicheck Mobilisa ( IDN), down 19.2%, were all laggards within the technology sector with Micron Technology ( MU) 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).

FREE for a limited time only: Get TheStreet Ratings #1 Stock Report NOW!.

If you liked this article you might like

High-End Nokia 8 to Launch Using Android in India

These Stocks Have Changed Direction

Wolf Pack Descends on BroadSoft

AT&T Expanding 5G Network Trials to Test Faster Service