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.
Verizon Communications (
VZ) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 0.9%. By the end of trading, Verizon Communications rose 58 cents (1.2%) to $47.69 on average volume. Throughout the day, 16.2 million shares of Verizon Communications exchanged hands as compared to its average daily volume of 13.7 million shares. The stock ranged in a price between $47.14-$47.88 after having opened the day at $47.40 as compared to the previous trading day's close of $47.11. Other companies within the Technology sector that increased today were:
SemiLEDs (
LEDS), up 22%,
Winland Electronics (
WEX), up 19.8%,
Himax Technologies (
HIMX), up 18%, and
Friendfinder Networks (
FFN), up 16.4%.
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Verizon Communications Inc. provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Verizon Communications has a market cap of $133.54 billion and is part of the telecommunications industry. The company has a P/E ratio of 150.7, above the S&P 500 P/E ratio of 17.7. Shares are up 8.9% year to date as of the close of trading on Monday. Currently there are 14 analysts that rate Verizon Communications a buy, no analysts rate it a sell, and 13 rate it a hold.
TheStreet Ratings rates Verizon Communications as a
hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity.
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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