Alcatel-Lucent (ALU): Today's Featured Technology Laggard

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.

Alcatel-Lucent ( ALU) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 0.7%. By the end of trading, Alcatel-Lucent fell $0.11 (-4.2%) to $2.54 on average volume. Throughout the day, 19,109,799 shares of Alcatel-Lucent exchanged hands as compared to its average daily volume of 15,473,300 shares. The stock ranged in price between $2.52-$2.62 after having opened the day at $2.62 as compared to the previous trading day's close of $2.65. Other companies within the Technology sector that declined today were: 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%.

Alcatel-Lucent provides networking and communications technology, products, and services to service providers, enterprises, and governments worldwide. Alcatel-Lucent has a market cap of $6.3 billion and is part of the telecommunications industry. Shares are up 90.6% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate Alcatel-Lucent a buy, 2 analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Alcatel-Lucent as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity and feeble growth in its earnings per share.

On the positive front, 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% , were all gainers within the technology sector with BlackBerry ( BBRY) 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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