Harris Corporation (HRS): Today's Featured Telecommunications Mover

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.

Harris Corporation ( HRS) pushed the Telecommunications industry higher today making it today's featured telecommunications winner. The industry as a whole closed the day up 0.4%. By the end of trading, Harris Corporation rose $1.05 (2.3%) to $46.34 on average volume. Throughout the day, 1.3 million shares of Harris Corporation exchanged hands as compared to its average daily volume of 871,600 shares. The stock ranged in a price between $45.01-$46.58 after having opened the day at $45.35 as compared to the previous trading day's close of $45.29. Other companies within the Telecommunications industry that increased today were: Parametric Sound ( PAMT), up 18.8%, MER Telemanagement Solutions ( MTSL), up 8.1%, Elephant Talk Communications ( ETAK), up 7%, and MERU Networks ( MERU), up 6.8%.
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Harris Corporation, together with its subsidiaries, operates as an international communications and information technology company that serves government and commercial markets worldwide. Harris Corporation has a market cap of $5.07 billion and is part of the technology sector. The company has a P/E ratio of 9.1, below the S&P 500 P/E ratio of 17.7. Shares are down 7.5% year to date as of the close of trading on Wednesday. Currently there is one analyst that rates Harris Corporation a buy, two analysts rate it a sell, and six rate it a hold.

TheStreet Ratings rates Harris Corporation as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, notable return on equity, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Envivio ( ENVI), down 7.1%, InfoSonics Corporation ( IFON), down 5.3%, I.D. Systems ( IDSY), down 5.2%, and Alvarion ( ALVR), down 5.1%, were all laggards within the telecommunications industry with America Movil S.A.B. de C.V ( AMX) being today's telecommunications industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider iShares Dow Jones US Telecom ( IYZ) while those bearish on the telecommunications industry could consider ProShares Ult Sht Telecommunication ( TLL).

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