5 Stocks Pushing The Technology Sector Higher

TheStreet Ratings group would like to highlight 5 stocks pushing the technology sector higher today, Nov. 14, 2012.

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

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 47 points (-0.4%) at 12,708 as of Wednesday, Nov. 14, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 733 issues advancing vs. 2,191 declining with 116 unchanged.

The Technology sector currently sits down 0.4% versus the S&P 500, which is down 0.3%. Top gainers within the sector include F5 Networks ( FFIV), up 4.2%, Xilinx ( XLNX), up 2.8%, Broadcom Corporation ( BRCM), up 2.5%, ASML ( ASML), up 1.6% and Hewlett-Packard ( HPQ), up 1.0%. On the negative front, top decliners within the sector include Baidu ( BIDU), down 5.0%, Mobile Telesystems OJSC ( MBT), down 2.8%, China Telecom ( CHA), down 2.3%, Philippine Long Distance Telephone ( PHI), down 1.9% and China Unicom (Hong Kong ( CHU), down 1.5%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector higher today:

5. Telefonica ( TEF) is one of the companies pushing the Technology sector higher today. As of noon trading, Telefonica is up $0.14 (1.1%) to $12.84 on light volume Thus far, 602,791 shares of Telefonica exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $12.76-$12.95 after having opened the day at $12.88 as compared to the previous trading day's close of $12.70.

Telefonica, S.A. provides fixed and mobile telephony services primarily in Spain, Latin America, and rest of Europe. Telefonica has a market cap of $57.4 billion and is part of the telecommunications industry. The company has a P/E ratio of 57.4, above the S&P 500 P/E ratio of 17.7. Shares are down 26.8% year to date as of the close of trading on Tuesday. Currently there are no analysts that rate Telefonica a buy, 3 analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Telefonica as a hold. Among the primary strengths of the company is its attractive valuation levels, considering its current price compared to earnings, book value and other measures. At the same time, however, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and generally higher debt management risk. Get the full Telefonica Ratings Report now.

4. As of noon trading, Juniper Networks ( JNPR) is up $0.50 (2.9%) to $17.85 on average volume Thus far, 4.1 million shares of Juniper Networks exchanged hands as compared to its average daily volume of 7.6 million shares. The stock has ranged in price between $17.67-$17.89 after having opened the day at $17.83 as compared to the previous trading day's close of $17.35.

Juniper Networks, Inc. designs, develops, and sells products and services that provide network infrastructure for networking requirements of service providers, enterprises, governments, and research and public sector organizations worldwide. Juniper Networks has a market cap of $9.2 billion and is part of the computer hardware industry. The company has a P/E ratio of 49.4, above the S&P 500 P/E ratio of 17.7. Shares are down 15.0% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Juniper Networks a buy, no analysts rate it a sell, and 21 rate it a hold.

TheStreet Ratings rates Juniper Networks as a hold. 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 and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. Get the full Juniper Networks Ratings Report now.

3. As of noon trading, NetApp ( NTAP) is up $0.82 (3.1%) to $27.15 on average volume Thus far, 4.0 million shares of NetApp exchanged hands as compared to its average daily volume of 6.3 million shares. The stock has ranged in price between $26.87-$27.40 after having opened the day at $27.25 as compared to the previous trading day's close of $26.33.

NetApp, Inc. engages in design, manufacture, marketing, and technical support of networked storage solutions. The company supply enterprise storage and data management software, and hardware products and services. NetApp has a market cap of $9.7 billion and is part of the computer hardware industry. The company has a P/E ratio of 19.0, above the S&P 500 P/E ratio of 17.7. Shares are down 26.1% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate NetApp a buy, no analysts rate it a sell, and 19 rate it a hold.

TheStreet Ratings rates NetApp as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. Get the full NetApp Ratings Report now.

2. As of noon trading, Dell ( DELL) is up $0.18 (1.9%) to $9.58 on heavy volume Thus far, 17.0 million shares of Dell exchanged hands as compared to its average daily volume of 20.1 million shares. The stock has ranged in price between $9.41-$9.70 after having opened the day at $9.42 as compared to the previous trading day's close of $9.40.

Dell Inc. provides integrated technology solutions in the information technology (IT) industry worldwide. Dell has a market cap of $16.2 billion and is part of the computer hardware industry. The company has a P/E ratio of 5.6, below the S&P 500 P/E ratio of 17.7. Shares are down 36.1% year to date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Dell a buy, 1 analyst rates it a sell, and 14 rate it a hold.

TheStreet Ratings rates Dell as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, poor profit margins and weak operating cash flow. Get the full Dell Ratings Report now.

1. As of noon trading, Cisco Systems ( CSCO) is up $1.06 (6.3%) to $17.91 on heavy volume Thus far, 57.5 million shares of Cisco Systems exchanged hands as compared to its average daily volume of 36.5 million shares. The stock has ranged in price between $17.84-$18.25 after having opened the day at $18.05 as compared to the previous trading day's close of $16.85.

Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP) based networking and other products related to the communications and information technology industries worldwide. Cisco Systems has a market cap of $89.4 billion and is part of the computer hardware industry. The company has a P/E ratio of 11.3, below the S&P 500 P/E ratio of 17.7. Shares are down 6.8% year to date as of the close of trading on Tuesday. Currently there are 18 analysts that rate Cisco Systems a buy, no analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates Cisco Systems as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Cisco Systems Ratings Report now.

If you are interested in one of these 5 stocks, 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).

A reminder about TheStreet Ratings group: 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.

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