Verizon Communications Inc (VZ): 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.

Verizon Communications ( VZ) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day down 0.3%. By the end of trading, Verizon Communications fell $0.73 (-1.5%) to $47.78 on average volume. Throughout the day, 14,763,576 shares of Verizon Communications exchanged hands as compared to its average daily volume of 11,848,800 shares. The stock ranged in price between $47.54-$48.59 after having opened the day at $48.59 as compared to the previous trading day's close of $48.51. Other companies within the Technology sector that declined today were: Sungame ( SGMZ), down 42.9%, FAB Universal ( FU), down 17.6%, BlackBerry ( BBRY), down 17.1% and Dynasil Corporation of America ( DYSL), down 14.3%.

Verizon Communications Inc., through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Verizon Communications has a market cap of $139.0 billion and is part of the telecommunications industry. Shares are up 12.2% year to date as of the close of trading on Thursday. Currently there are 16 analysts that rate Verizon Communications a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Verizon Communications as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, Daqo New Energy ( DQ), up 26.9%, Glowpoint ( GLOW), up 21.2%, Data I/O Corporation ( DAIO), up 18.7% and Sierra Wireless ( SWIR), up 18.4% , were all gainers within the technology sector with NXP Semiconductor ( NXPI) 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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