CenturyLink Inc (CTL): 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.

CenturyLink ( CTL) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 0.8%. By the end of trading, CenturyLink fell $0.37 (-1.1%) to $32.13 on average volume. Throughout the day, 3,923,946 shares of CenturyLink exchanged hands as compared to its average daily volume of 4,995,700 shares. The stock ranged in price between $32.13-$32.67 after having opened the day at $32.44 as compared to the previous trading day's close of $32.50. Other companies within the Technology sector that declined today were: Bazaarvoice ( BV), down 17.0%, Aetrium Incorporated ( ATRM), down 12.1%, Mitcham Industries ( MIND), down 11.3% and Zoom Technologies ( ZOOM), down 9.4%.

CenturyLink, Inc. operates as an integrated telecommunications company in the United States. CenturyLink has a market cap of $19.8 billion and is part of the telecommunications industry. Shares are down 16.9% year to date as of the close of trading on Wednesday. Currently there are 9 analysts that rate CenturyLink a buy, 3 analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates CenturyLink as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, good cash flow from operations, impressive record of earnings per share growth, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, Kingtone Wirelessinfo Solution ( KONE), up 21.4%, Envivio ( ENVI), up 21.1%, Local ( LOCM), up 18.9% and Himax Technologies ( HIMX), up 17.3% , were all gainers within the technology sector with Taiwan Semiconductor Manufacturing ( TSM) 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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