BlackBerry Ltd (BBRY): 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.

BlackBerry ( BBRY) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 0.7%. By the end of trading, BlackBerry rose $0.22 (2.1%) to $10.54 on light volume. Throughout the day, 16,107,500 shares of BlackBerry exchanged hands as compared to its average daily volume of 25,494,200 shares. The stock ranged in a price between $10.05-$10.54 after having opened the day at $10.18 as compared to the previous trading day's close of $10.32. Other companies within the Technology sector that increased today were: RigNet ( RNET), up 18.8%, Mad Catz Interactive ( MCZ), up 18.5%, Trina Solar ( TSL), up 15.3% and Pulse Electronics ( PULS), up 15.0%.

BlackBerry Limited engages in the design, manufacture, and marketing of wireless solutions worldwide. BlackBerry has a market cap of $5.4 billion and is part of the telecommunications industry. Shares are down 11.5% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate BlackBerry a buy, 12 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates BlackBerry as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and weak operating cash flow.

On the negative front, Alvarion ( ALVR), down 24.1%, CounterPath Corporation ( CPAH), down 13.6%, China TechFaith Wireless Comm Tech ( CNTF), down 13.5% and Zoom Technologies ( ZOOM), down 8.8% , were all laggards within the technology sector with Alcatel-Lucent ( ALU) 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).

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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