Harris Corporation (HRS): Today's Featured Telecommunications 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.

Harris Corporation ( HRS) pushed the Telecommunications industry higher today making it today's featured telecommunications winner. The industry as a whole closed the day up 0.1%. By the end of trading, Harris Corporation rose $4.14 (7.8%) to $56.97 on heavy volume. Throughout the day, 2,454,209 shares of Harris Corporation exchanged hands as compared to its average daily volume of 712,200 shares. The stock ranged in a price between $53.64-$57.45 after having opened the day at $53.90 as compared to the previous trading day's close of $52.83. Other companies within the Telecommunications industry that increased today were: Alcatel-Lucent ( ALU), up 11.8%, AudioCodes ( AUDC), up 8.4%, Sprint Corp (Will be Deleted ( S), up 7.3% and InfoSonics Corporation ( IFON), up 6.7%.

Harris Corporation, together with its subsidiaries, operates as an international communications and information technology company that serves government and commercial markets worldwide. Harris Corporation has a market cap of $5.8 billion and is part of the technology sector. Shares are up 7.9% year to date as of the close of trading on Monday. Currently there is 1 analyst that rates Harris Corporation a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Harris Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, notable return on equity, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

On the negative front, Sonus Networks ( SONS), down 7.1%, Tata Communications ( TCL), down 7.0%, Zhone Technologies ( ZHNE), down 6.6% and Pendrell ( PCO), down 6.0% , were all laggards within the telecommunications industry with Verizon Communications ( VZ) being today's telecommunications industry laggard.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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