Qualcomm Inc. (QCOM): Today's Featured Telecommunications Laggard

Qualcomm ( QCOM) pushed the Telecommunications industry lower today making it today's featured Telecommunications laggard. The industry as a whole closed the day up 2.6%. By the end of trading, Qualcomm fell $0.74 (-1.2%) to $61.28 on average volume. Throughout the day, 14,259,251 shares of Qualcomm exchanged hands as compared to its average daily volume of 14,399,800 shares. The stock ranged in price between $60.85-$61.66 after having opened the day at $61.39 as compared to the previous trading day's close of $62.02. Other companies within the Telecommunications industry that declined today were: Zoom Technologies ( ZOOM), down 13.6%, InfoSonics Corporation ( IFON), down 5.4%, Trunkbow International Holdings ( TBOW), down 4.8% and PCTEL ( PCTI), down 4.1%.

QUALCOMM Incorporated designs, develops, manufactures, and markets digital telecommunications products and services. It operates in four segments: QCT, QTL, QWI, and QSI. Qualcomm has a market cap of $105.9 billion and is part of the technology sector. Shares are down 0.9% year to date as of the close of trading on Friday. Currently there are 27 analysts that rate Qualcomm a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Qualcomm 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, notable return on equity, impressive record of earnings per share growth and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Deltathree ( DDDC), up 120.6%, Leap Wireless International ( LEAP), up 112.4%, Inteliquent ( IQNT), up 39.6% and Zhone Technologies ( ZHNE), up 18.9% , were all gainers within the telecommunications industry with LM Ericsson Telephone Company ADR Class B ( ERIC) being today's featured telecommunications industry leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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