3 Stocks Pulling The Technology Sector Downward

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 72 points (0.5%) at 14,749 as of Thursday, April 25, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 2,049 issues advancing vs. 833 declining with 158 unchanged.

The Technology sector currently sits up 3.0% versus the S&P 500, which is up 0.7%. A company within the sector that fell today was Qualcomm ( QCOM), up 6.06. Top gainers within the sector include Voltari ( VLTC), up 1414.8%, Akamai Technologies ( AKAM), up 20.1%, Yandex ( YNDX), up 13.3%, Crown Castle International ( CCI), up 5.5% and Western Digital Corporation ( WDC), up 4.5%.

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

3. Telekomunikasi Indonesia (Persero) Tbk ( TLK) is one of the companies pushing the Technology sector lower today. As of noon trading, Telekomunikasi Indonesia (Persero) Tbk is down $0.96 (-2.0%) to $47.68 on light volume Thus far, 79,737 shares of Telekomunikasi Indonesia (Persero) Tbk exchanged hands as compared to its average daily volume of 228,800 shares. The stock has ranged in price between $47.56-$48.25 after having opened the day at $48.17 as compared to the previous trading day's close of $48.64.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk provides network and telecommunication services in Indonesia and internationally. It operates through four segments: Personal, Home, Corporate, and Others. Telekomunikasi Indonesia (Persero) Tbk has a market cap of $23.4 billion and is part of the telecommunications industry. The company has a P/E ratio of 17.6, below the S&P 500 P/E ratio of 17.7. Shares are up 31.6% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Telekomunikasi Indonesia (Persero) Tbk as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Telekomunikasi Indonesia (Persero) Tbk Ratings Report now.

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2. As of noon trading, Intuit ( INTU) is down $8.20 (-12.8%) to $55.99 on heavy volume Thus far, 9.2 million shares of Intuit exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $55.54-$56.83 after having opened the day at $55.75 as compared to the previous trading day's close of $64.19.

Intuit Inc. provides business and financial management solutions for small businesses, consumers, accounting professionals, and financial institutions primarily in the United States, Canada, the United Kingdom, India, and Singapore. Intuit has a market cap of $19.0 billion and is part of the computer software & services industry. The company has a P/E ratio of 26.9, above the S&P 500 P/E ratio of 17.7. Shares are up 7.6% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Intuit as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Intuit Ratings Report now.

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1. As of noon trading, Citrix Systems ( CTXS) is down $3.10 (-4.6%) to $64.56 on heavy volume Thus far, 5.8 million shares of Citrix Systems exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $62.21-$64.80 after having opened the day at $64.25 as compared to the previous trading day's close of $67.66.

Citrix Systems, Inc. provides cloud computing solutions that enable information technology (IT) and service providers to build private and public clouds worldwide. The company operates in two divisions, Enterprise and Online Services. Citrix Systems has a market cap of $12.7 billion and is part of the computer software & services industry. The company has a P/E ratio of 36.5, above the S&P 500 P/E ratio of 17.7. Shares are up 3.4% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Citrix Systems as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Citrix Systems Ratings Report now.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

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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