Agilent Technologies Inc (A): Today's Featured Technology Winner

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

Agilent Technologies ( A) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 0.5%. By the end of trading, Agilent Technologies rose $0.66 (1.6%) to $42.98 on average volume. Throughout the day, 3,570,884 shares of Agilent Technologies exchanged hands as compared to its average daily volume of 3,724,600 shares. The stock ranged in a price between $42.37-$43.23 after having opened the day at $42.53 as compared to the previous trading day's close of $42.32. Other companies within the Technology sector that increased today were: TigerLogic Corporation ( TIGR), up 25.6%, Intelligent Systems ( INS), up 16.3%, Spreadtrum Communications ( SPRD), up 16.2% and Daqo New Energy ( DQ), up 14.1%.
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Agilent Technologies, Inc. provides bio-analytical and electronic measurement solutions and services to the life sciences, chemical analysis, diagnostics and genomics, communications, and electronics industries worldwide. Agilent Technologies has a market cap of $15.0 billion and is part of the health services industry. The company has a P/E ratio of 15.1, below 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 Thursday. Currently there are 15 analysts that rate Agilent Technologies a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Agilent Technologies 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.

On the negative front, Net Element International ( NETE), down 14.0%, Ebix ( EBIX), down 13.4%, Multiband Corporation ( MBND), down 12.7% and Oracle Corporation ( ORCL), down 9.3% , were all laggards within the technology sector with First Solar ( FSLR) being today's technology sector laggard.

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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