CenturyLink Inc (CTL): 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.

CenturyLink ( CTL) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 0.3%. By the end of trading, CenturyLink rose 47 cents (1.2%) to $40.73 on average volume. Throughout the day, 3.8 million shares of CenturyLink exchanged hands as compared to its average daily volume of 4.7 million shares. The stock ranged in a price between $40.21-$40.88 after having opened the day at $40.26 as compared to the previous trading day's close of $40.26. Other companies within the Technology sector that increased today were: ModusLink Global Solutions ( MLNK), up 40.6%, XRS ( XRSC), up 20.3%, Sierra Wireless ( SWIR), up 18.4%, and Advanced Photonix ( API), up 16.3%.
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CenturyLink, Inc. operates as an integrated telecommunications company in the United States. The company provides local and long-distance, network access, private line, public access, broadband, data, managed hosting, colocation, wireless, and video services to consumers and businesses. CenturyLink has a market cap of $25.05 billion and is part of the telecommunications industry. The company has a P/E ratio of 39, above the S&P 500 P/E ratio of 17.7. Shares are up 2.6% year to date as of the close of trading on Monday. Currently there are 13 analysts that rate CenturyLink a buy, no analysts rate it a sell, and five rate it a hold.

TheStreet Ratings rates CenturyLink as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, good cash flow from operations, expanding profit margins, increase in stock price during the past year and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

On the negative front, Powerwave Technologies ( PWAV), down 25%, Sanmina ( SANM), down 21.7%, VMWare ( VMW), down 21.5%, and Hutchinson Technology ( HTCH), down 16.1%, were all laggards within the technology sector with Seagate Technology ( STX) 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).

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