Nokia Oyj (NOK): 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.

Nokia Oyj ( NOK) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole was unchanged today. By the end of trading, Nokia Oyj fell 7 cents (-1.5%) to $4.57 on light volume. Throughout the day, 41.6 million shares of Nokia Oyj exchanged hands as compared to its average daily volume of 58.9 million shares. The stock ranged in price between $4.54-$4.65 after having opened the day at $4.57 as compared to the previous trading day's close of $4.64. Other companies within the Technology sector that declined today were: China Mobile Games and Entertainment Group ( CMGE), down 12.9%, Plug Power ( PLUG), down 12.7%, Deltathree ( DDDC), down 10%, and LightPath Technologies ( LPTH), down 9.8%.
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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 $17.14 billion and is part of the telecommunications industry. Shares are up 17% year to date as of the close of trading on Tuesday. Currently there are two analysts that rate Nokia Oyj a buy, nine analysts rate it a sell, and 10 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 positive front, ClearOne ( CLRO), up 53%, BOS Better Online Solutions ( BOSC), up 20.3%, Radcom ( RDCM), up 15%, and Novatel Wireless ( NVTL), up 13.4%, were all gainers within the technology sector with NetApp ( NTAP) 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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