3 Stocks Pushing The Technology Sector Lower

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 104 points (0.8%) at 14,004 as of Wednesday, Feb. 27, 2013, 12:05 PM ET. The NYSE advances/declines ratio sits at 2,181 issues advancing vs. 685 declining with 127 unchanged.

The Technology sector currently sits up 0.5% versus the S&P 500, which is up 0.8%. On the negative front, top decliners within the sector include Kyocera Corporation ( KYO), down 1.8%, Hewlett-Packard ( HPQ), down 0.6% and NTT DoCoMo ( DCM), down 0.6%. Top gainers within the sector include Guidewire Software ( GWRE), up 18.9%, LinkedIn ( LNKD), up 6.3%, Nokia Oyj ( NOK), up 5.1%, P.T. Telekomunikasi Indonesia Tbk ( TLK), up 4.3% and Telefonica ( TEF), up 3.1%.

TheStreet Ratings group would like to highlight 3 stocks pushing the sector lower today:

3. Nippon Telegraph & Telephone ( NTT) is one of the companies pushing the Technology sector lower today. As of noon trading, Nippon Telegraph & Telephone is down $0.70 (-3.0%) to $22.86 on heavy volume Thus far, 988,934 shares of Nippon Telegraph & Telephone exchanged hands as compared to its average daily volume of 584,400 shares. The stock has ranged in price between $22.84-$23.02 after having opened the day at $22.99 as compared to the previous trading day's close of $23.56.

Nippon Telegraph and Telephone Corporation, together with its subsidiaries, provides fixed and mobile voice related services, IP/packet communications services, telecommunications equipment, and system integration and other telecommunications-related services in Japan. Nippon Telegraph & Telephone has a market cap of $56.3 billion and is part of the telecommunications industry. The company has a P/E ratio of 11.5, below the S&P 500 P/E ratio of 17.7. Shares are up 11.8% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Nippon Telegraph & Telephone a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Nippon Telegraph & Telephone as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Nippon Telegraph & Telephone Ratings Report now.

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2. As of noon trading, Teradata Corporation ( TDC) is down $1.10 (-1.8%) to $59.36 on average volume Thus far, 1.3 million shares of Teradata Corporation exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $58.76-$60.57 after having opened the day at $60.57 as compared to the previous trading day's close of $60.46.

Teradata Corporation provides analytic data solutions worldwide. The company offers various data warehousing solutions that comprise software, hardware, and related business consulting and support services. Teradata Corporation has a market cap of $10.6 billion and is part of the computer hardware industry. The company has a P/E ratio of 22.0, above the S&P 500 P/E ratio of 17.7. Shares are down 2.3% year to date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Teradata Corporation a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Teradata Corporation as a buy. 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, impressive record of earnings per share growth, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Teradata Corporation Ratings Report now.

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1. As of noon trading, First Solar ( FSLR) is down $5.08 (-16.2%) to $26.28 on heavy volume Thus far, 13.7 million shares of First Solar exchanged hands as compared to its average daily volume of 4.6 million shares. The stock has ranged in price between $25.50-$27.25 after having opened the day at $26.84 as compared to the previous trading day's close of $31.36.

First Solar, Inc. engages in the design, manufacture, and sale of solar modules using a thin-film semiconductor technology in the United States and internationally. The company is also involved in the design, construction, and sale of photovoltaic solar power systems. First Solar has a market cap of $2.8 billion and is part of the electronics industry. Shares are up 6.1% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate First Solar a buy, 3 analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates First Solar as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full First Solar Ratings Report now.

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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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