WIN, INTU, WDC, EQIX And STX, 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 lower today with the Dow Jones Industrial Average ( ^DJI) trading down 5 points (0.0%) at 15,100 as of Thursday, May 9, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,176 issues advancing vs. 1,742 declining with 136 unchanged.

The Technology sector currently sits down 0.43 versus the S&P 500, which is down 0.21. On the negative front, top decliners within the sector include Rackspace Hosting ( RAX), down 26.26, SS&C Technologies Holdings ( SSNC), down 9.33, Activision Blizzard ( ATVI), down 7.48, Konami Corporation ( KNM), down 6.88 and Adobe Systems ( ADBE), down 3.41. Top gainers within the sector include Research in Motion ( RIMM), up 3.0%, Research in Motion ( BBRY), up 3.0%, Micron Technology ( MU), up 2.9%, Telecom Italia SpA ( TI), up 3.1% and Xerox Corporation ( XRX), up 2.1%.

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

5. Windstream ( WIN) is one of the companies pushing the Technology sector lower today. As of noon trading, Windstream is down $0.39 (-4.6%) to $8.13 on heavy volume Thus far, 22.0 million shares of Windstream exchanged hands as compared to its average daily volume of 8.4 million shares. The stock has ranged in price between $7.89-$8.20 after having opened the day at $8.05 as compared to the previous trading day's close of $8.52.

Windstream Corporation provides communications and technology solutions in the United States. The company offers managed services and cloud computing services to businesses, as well as broadband, voice, and video services to consumers primarily in rural markets. Windstream has a market cap of $5.0 billion and is part of the telecommunications industry. The company has a P/E ratio of 29.9, above the S&P 500 P/E ratio of 17.7. Shares are up 1.1% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Windstream as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and increase in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and a generally disappointing performance in the stock itself. Get the full Windstream Ratings Report now.

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4. As of noon trading, Intuit ( INTU) is down $0.69 (-1.1%) to $59.80 on heavy volume Thus far, 1.9 million shares of Intuit exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $59.45-$60.26 after having opened the day at $59.65 as compared to the previous trading day's close of $60.49.

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 $17.9 billion and is part of the computer software & services industry. The company has a P/E ratio of 25.4, above the S&P 500 P/E ratio of 17.7. Shares are up 1.8% 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, reasonable valuation levels, 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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3. As of noon trading, Western Digital Corporation ( WDC) is down $2.07 (-3.5%) to $56.94 on heavy volume Thus far, 2.5 million shares of Western Digital Corporation exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $56.74-$58.48 after having opened the day at $58.00 as compared to the previous trading day's close of $59.01.

Western Digital Corporation, through its subsidiaries, engages in the development, manufacture, and sale of storage products and solutions that enable people to create, manage, experience and preserve digital content. Western Digital Corporation has a market cap of $13.9 billion and is part of the computer hardware industry. The company has a P/E ratio of 7.4, below the S&P 500 P/E ratio of 17.7. Shares are up 38.5% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Western Digital Corporation 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, solid stock price performance, attractive valuation levels 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 Western Digital Corporation Ratings Report now.

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2. As of noon trading, Equinix ( EQIX) is down $4.70 (-2.1%) to $220.22 on heavy volume Thus far, 873,175 shares of Equinix exchanged hands as compared to its average daily volume of 842,000 shares. The stock has ranged in price between $217.06-$222.00 after having opened the day at $221.37 as compared to the previous trading day's close of $224.92.

Equinix, Inc. provides data center services to protect and connect the information assets for the enterprises, financial services companies, and content and network providers primarily in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Equinix has a market cap of $10.7 billion and is part of the internet industry. The company has a P/E ratio of 81.5, above the S&P 500 P/E ratio of 17.7. Shares are up 5.5% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Equinix as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels, increase in net income, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Equinix Ratings Report now.

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1. As of noon trading, Seagate Technology ( STX) is down $2.08 (-4.9%) to $40.24 on heavy volume Thus far, 6.1 million shares of Seagate Technology exchanged hands as compared to its average daily volume of 5.3 million shares. The stock has ranged in price between $40.11-$41.40 after having opened the day at $40.91 as compared to the previous trading day's close of $42.32.

Seagate Technology Public Limited Company designs, manufactures, markets, and sells hard disk drives for enterprise storage, client compute, and client non-compute market applications worldwide. Seagate Technology has a market cap of $15.2 billion and is part of the computer hardware industry. The company has a P/E ratio of 6.8, below the S&P 500 P/E ratio of 17.7. Shares are up 39.1% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Seagate Technology as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, solid stock price performance 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 Seagate Technology 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 3 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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