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 10 points (0.1%) at 14,085 as of Thursday, Feb. 28, 2013, 12:04 PM ET. The NYSE advances/declines ratio sits at 1,607 issues advancing vs. 1,243 declining with 160 unchanged.

The Technology sector currently is unchanged today versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the sector include CGG ( CGG), down 8.9%, Telecom Argentina ( TEO), down 7.2%, Catamaran ( CTRX), down 5.4%, Nokia Oyj ( NOK), down 2.9% and LG.Display Company ( LPL), down 2.6%. Top gainers within the sector include P.T. Telekomunikasi Indonesia Tbk ( TLK), up 5.3%, Research in Motion ( BBRY), up 2.3%, Research in Motion ( RIMM), up 2.3%, Rackspace Hosting ( RAX), up 1.9% and China Unicom (Hong Kong ( CHU), up 1.5%.

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

3. BroadSoft ( BSFT) is one of the companies pushing the Technology sector lower today. As of noon trading, BroadSoft is down $8.76 (-28.4%) to $22.14 on heavy volume Thus far, 7.2 million shares of BroadSoft exchanged hands as compared to its average daily volume of 381,800 shares. The stock has ranged in price between $21.30-$23.50 after having opened the day at $23.48 as compared to the previous trading day's close of $30.91.

BroadSoft, Inc. provides software and services that enable mobile, fixed-line, and cable service providers to deliver unified communications and other voice and multimedia services over Internet protocol (IP) based networks. BroadSoft has a market cap of $928.3 million and is part of the computer software & services industry. The company has a P/E ratio of 75.8, above the S&P 500 P/E ratio of 17.7. Shares are down 8.2% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate BroadSoft a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates BroadSoft as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. Get the full BroadSoft Ratings Report now.

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2. As of noon trading, Rogers Communications ( RCI) is down $0.30 (-0.6%) to $47.23 on heavy volume Thus far, 228,710 shares of Rogers Communications exchanged hands as compared to its average daily volume of 283,600 shares. The stock has ranged in price between $46.58-$47.44 after having opened the day at $47.11 as compared to the previous trading day's close of $47.53.

Rogers Communications Inc. operates as a communications and media company in Canada. The company's Wireless segment offers voice and high-speed data services, as well mobile devices and accessories. It markets its products and services under the Rogers, Fido, and chatr brands. Rogers Communications has a market cap of $18.9 billion and is part of the telecommunications industry. The company has a P/E ratio of 16.0, below the S&P 500 P/E ratio of 17.7. Shares are up 4.4% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Rogers Communications a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Rogers Communications as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Rogers Communications Ratings Report now.

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1. As of noon trading, Groupon ( GRPN) is down $1.24 (-20.8%) to $4.74 on heavy volume Thus far, 65.3 million shares of Groupon exchanged hands as compared to its average daily volume of 13.8 million shares. The stock has ranged in price between $4.24-$4.82 after having opened the day at $4.25 as compared to the previous trading day's close of $5.98.

Groupon, Inc. operates as a local commerce marketplace that connects merchants to consumers by offering goods and services at a discount in North America and internationally. Groupon has a market cap of $3.6 billion and is part of the internet industry. Shares are up 14.2% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Groupon a buy, 3 analysts rate it a sell, and 17 rate it a hold.

TheStreet Ratings rates Groupon as a sell. The area that we feel has been the company's primary weakness has been its poor profit margins. Get the full Groupon 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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