Clearwire Corp (CLWR): 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.

Clearwire ( CLWR) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 1.1%. By the end of trading, Clearwire rose 4 cents (1.3%) to $3.16 on light volume. Throughout the day, 2.6 million shares of Clearwire exchanged hands as compared to its average daily volume of 20.3 million shares. The stock ranged in a price between $3.09-$3.16 after having opened the day at $3.11 as compared to the previous trading day's close of $3.12. Other companies within the Technology sector that increased today were: Parkervision ( PRKR), up 73.3%, Superconductor Technologies ( SCON), up 34.7%, CollabRx ( CLRX), up 30.3%, and Responsys ( MKTG), up 21.2%.
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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 $2.18 billion and is part of the telecommunications industry. Shares are up 9% year to date as of the close of trading on Wednesday. Currently there are no analysts that rate Clearwire a buy, three analysts rate it a sell, and seven rate it a hold.

TheStreet Ratings rates Clearwire as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and generally high debt management risk.

On the negative front, Synacor ( SYNC), down 38%, Ebix ( EBIX), down 26.6%, Deltathree ( DDDC), down 15.6%, and Rubicon Technology ( RBCN), down 14.7%, were all laggards within the technology sector with Infosys ( INFY) 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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