VIV, ARUN, ADBE, BBRY And RIMM, 5 Technology Stocks Pushing The 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

Two out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 60 points (0.4%) at 15,029 as of Tuesday, May 7, 2013, 12:54 PM ET. The NYSE advances/declines ratio sits at 1,907 issues advancing vs. 994 declining with 159 unchanged.

The Technology sector currently sits down 0.17 versus the S&P 500, which is up 0.3%. On the negative front, top decliners within the sector include First Solar ( FSLR), down 9.16, Emerson Electric ( EMR), down 1.61, Microsoft Corporation ( MSFT), down 1.19, Taiwan Semiconductor Manufacturing ( TSM), down 0.43 and America Movil S.A.B. de C.V ( AMX), down 0.49. Top gainers within the sector include Alcatel-Lucent ( ALU), up 9.2%, SK Telecom ( SKM), up 4.2%, Nippon Telegraph & Telephone ( NTT), up 4.0%, Baidu ( BIDU), up 2.1% and LinkedIn ( LNKD), up 2.0%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector lower today:

5. Telefonica Brasil S.A ( VIV) is one of the companies pushing the Technology sector lower today. As of noon trading, Telefonica Brasil S.A is down $0.75 (-2.8%) to $25.99 on average volume Thus far, 657,371 shares of Telefonica Brasil S.A exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $25.97-$26.55 after having opened the day at $26.45 as compared to the previous trading day's close of $26.74.

Telefonica Brasil S.A. provides fixed-line telecommunications services to residential and commercial customers in Brazil. Telefonica Brasil S.A has a market cap of $30.1 billion and is part of the telecommunications industry. The company has a P/E ratio of 6.5, below the S&P 500 P/E ratio of 17.7. Shares are up 11.1% year to date as of the close of trading on Monday.

TheStreet Ratings rates Telefonica Brasil S.A 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, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Telefonica Brasil S.A Ratings Report now.

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4. As of noon trading, Aruba Networks ( ARUN) is down $4.86 (-22.0%) to $17.19 on heavy volume Thus far, 16.4 million shares of Aruba Networks exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $17.12-$18.05 after having opened the day at $17.64 as compared to the previous trading day's close of $22.05.

Aruba Networks, Inc. provides network access solutions for the mobile enterprises worldwide. Aruba Networks has a market cap of $2.5 billion and is part of the computer hardware industry. The company has a P/E ratio of 358.7, above the S&P 500 P/E ratio of 17.7. Shares are up 3.8% year to date as of the close of trading on Monday.

TheStreet Ratings rates Aruba Networks as a hold. 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 and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and premium valuation. Get the full Aruba Networks Ratings Report now.

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3. As of noon trading, Adobe Systems ( ADBE) is down $0.86 (-1.9%) to $45.63 on heavy volume Thus far, 4.7 million shares of Adobe Systems exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $45.29-$46.68 after having opened the day at $46.46 as compared to the previous trading day's close of $46.49.

Adobe Systems Incorporated operates as a diversified software company worldwide. It offers a line of software and services used by creative professionals, marketers, knowledge workers, application developers, enterprises, and consumers. Adobe Systems has a market cap of $23.6 billion and is part of the computer software & services industry. The company has a P/E ratio of 32.6, above the S&P 500 P/E ratio of 17.7. Shares are up 24.8% year to date as of the close of trading on Monday.

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

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2. As of noon trading, Research in Motion ( BBRY) is down $0.74 (-4.8%) to $14.83 on average volume Thus far, 25.1 million shares of Research in Motion exchanged hands as compared to its average daily volume of 50.0 million shares. The stock has ranged in price between $14.68-$15.51 after having opened the day at $15.39 as compared to the previous trading day's close of $15.57.

Research In Motion Limited, doing business as BlackBerry, engages in the design, manufacture, and marketing of wireless solutions worldwide. Research in Motion has a market cap of $8.2 billion and is part of the telecommunications industry. Shares are up 31.7% year to date as of the close of trading on Monday.

TheStreet Ratings rates Research in Motion as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and weak operating cash flow. Get the full Research in Motion 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.

1. As of noon trading, Research in Motion ( RIMM) is down $0.75 (-4.8%) to $14.82 on average volume Thus far, 25.1 million shares of Research in Motion exchanged hands as compared to its average daily volume of 54.8 million shares. The stock has ranged in price between $14.68-$15.51 after having opened the day at $15.39 as compared to the previous trading day's close of $15.57.

Research In Motion Limited designs, manufactures, and markets wireless solutions for the mobile communications market worldwide. Research in Motion has a market cap of $6.8 billion and is part of the telecommunications industry. Shares are up 9.4% year to date as of the close of trading on Monday.

TheStreet Ratings rates Research in Motion as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity and poor profit margins. Get the full Research in Motion 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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