Crown Castle International Corp (CCI): Today's Featured Technology Laggard

Crown Castle International ( CCI) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day down 0.1%. By the end of trading, Crown Castle International fell $1.01 (-1.3%) to $76.35 on average volume. Throughout the day, 1,937,121 shares of Crown Castle International exchanged hands as compared to its average daily volume of 2,409,500 shares. The stock ranged in price between $75.90-$77.37 after having opened the day at $77.27 as compared to the previous trading day's close of $77.36. Other companies within the Technology sector that declined today were: Deltathree ( DDDC), down 30.0%, SatCon Technology Corporation ( SATC), down 25.0%, UBIC Inc ADR ( UBIC), down 8.9% and ARC Group Worldwide ( ARCW), down 8.7%.

Crown Castle International Corp., together with is subsidiaries, owns, operates, and leases shared wireless infrastructure primarily in the United States, Puerto Rico, and Australia. Crown Castle International has a market cap of $22.7 billion and is part of the telecommunications industry. Shares are up 7.1% year to date as of the close of trading on Monday. Currently there are 12 analysts that rate Crown Castle International a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Crown Castle International as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity.

On the positive front, SouFun Holdings ( SFUN), up 19.3%, ReneSola ( SOL), up 19.0%, Dataram Corporation ( DRAM), up 15.1% and Wi-Lan ( WILN), up 13.8% , were all gainers within the technology sector with Rackspace Hosting ( RAX) being today's featured technology sector leader.

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).

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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