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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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 $0.60 (1.3%) to $46.80 on light volume. Throughout the day, 1,833,226 shares of Agilent Technologies exchanged hands as compared to its average daily volume of 3,491,500 shares. The stock ranged in a price between $46.10-$46.85 after having opened the day at $46.23 as compared to the previous trading day's close of $46.20. Other companies within the Technology sector that increased today were: Alaska Communications Systems Group ( ALSK), up 31.1%, Himax Technologies ( HIMX), up 30.4%, Radcom ( RDCM), up 24.1% and Deltathree ( DDDC), up 15.0%.

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 $15.8 billion and is part of the health services industry. Shares are up 12.8% year to date as of the close of trading on Friday. Currently there are 13 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, Aehr Test Systems ( AEHR), down 11.8%, SatCon Technology Corporation ( SATC), down 10.0%, Dataram Corporation ( DRAM), down 6.8% and Dynasil Corporation of America ( DYSL), down 6.7% , were all laggards within the technology sector with Salesforce.com ( CRM) 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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