Clearwire Corp (CLWR): Today's Featured Telecommunications 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.

Clearwire ( CLWR) pushed the Telecommunications industry lower today making it today's featured Telecommunications laggard. The industry as a whole closed the day up 0.3%. By the end of trading, Clearwire fell 14 cents (-5.5%) to $2.39 on average volume. Throughout the day, 17.3 million shares of Clearwire exchanged hands as compared to its average daily volume of 20.3 million shares. The stock ranged in price between $2.36-$2.55 after having opened the day at $2.53 as compared to the previous trading day's close of $2.53. Other companies within the Telecommunications industry that declined today were: eOn Communications Corporation ( EONC), down 7.7%, B Communications ( BCOM), down 7%, Comtech Telecommunications Corporation ( CMTL), down 6.5%, and Phazar Corporation ( ANTP), down 5.4%.
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Clearwire Corporation, through its subsidiaries, provides fourth generation wireless broadband services in the United States. The company builds and operates mobile broadband networks that offer high-speed mobile Internet and residential Internet access services. Clearwire has a market cap of $1.64 billion and is part of the technology sector. Shares are up 30.4% year to date as of the close of trading on Thursday. Currently there are four analysts that rate Clearwire a buy, one analyst rates it a sell, and eight rate it a hold.

TheStreet Ratings rates Clearwire as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, poor profit margins and generally high debt management risk.

On the positive front, Dialogic ( DLGC), up 23%, Parametric Sound ( PAMT), up 17.7%, WPCS International ( WPCS), up 10.6%, and Numerex ( NMRX), up 5.5%, were all gainers within the telecommunications industry with Nokia Oyj ( NOK) being today's featured telecommunications industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider iShares Dow Jones US Telecom ( IYZ) while those bearish on the telecommunications industry could consider ProShares Ult Sht Telecommunication ( TLL).

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