Qualcomm Inc. (QCOM): Today's Featured Telecommunications 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.

Qualcomm ( QCOM) pushed the Telecommunications industry lower today making it today's featured Telecommunications laggard. The industry as a whole was unchanged today. By the end of trading, Qualcomm fell $1.49 (-2.2%) to $67.38 on average volume. Throughout the day, 10,348,357 shares of Qualcomm exchanged hands as compared to its average daily volume of 12,363,900 shares. The stock ranged in price between $67.08-$68.28 after having opened the day at $68.19 as compared to the previous trading day's close of $68.87. Other companies within the Telecommunications industry that declined today were: Net Element International ( NETE), down 15.7%, DragonWave ( DRWI), down 5.1%, xG Technology ( XGTI), down 5.0% and Internet Gold Golden Lines ( IGLD), down 4.8%.

QUALCOMM Incorporated designs, develops, manufactures, and markets digital telecommunications products and services. It operates in four segments: QCT, QTL, QWI, and QSI. Qualcomm has a market cap of $117.5 billion and is part of the technology sector. Shares are up 10.8% year to date as of the close of trading on Thursday. Currently there are 21 analysts that rate Qualcomm a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Qualcomm as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, impressive record of earnings per share growth and increase in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, Deltathree ( DDDC), up 18.2%, China TechFaith Wireless Comm Tech ( CNTF), up 12.8%, Linktone ( LTON), up 9.2% and Towerstream Corporation ( TWER), up 8.4%.

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).

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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