Harris Corporation (HRS): 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.

Harris Corporation ( HRS) pushed the Telecommunications industry lower today making it today's featured Telecommunications laggard. The industry as a whole closed the day down 0.1%. By the end of trading, Harris Corporation fell $0.84 (-1.4%) to $58.93 on average volume. Throughout the day, 628,419 shares of Harris Corporation exchanged hands as compared to its average daily volume of 672,200 shares. The stock ranged in price between $58.68-$59.47 after having opened the day at $59.28 as compared to the previous trading day's close of $59.77. Other companies within the Telecommunications industry that declined today were: Alteva ( ALTV), down 34.5%, Alvarion ( ALVR), down 13.5%, Internet Gold Golden Lines ( IGLD), down 8.0% and PT Indosat TBK ( IIT), down 6.2%.

Harris Corporation, together with its subsidiaries, operates as an international communications and information technology company worldwide. The company operates in three segments: RF Communications, Integrated Network Solutions, and Government Communications Systems. Harris Corporation has a market cap of $6.2 billion and is part of the technology sector. Shares are up 18.5% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Harris Corporation a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Harris Corporation as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Sky-mobi ( MOBI), up 20.3%, Allot Communications ( ALLT), up 11.6%, Trunkbow International Holdings ( TBOW), up 9.7% and Portugal Telecom ( PT), up 6.6% , were all gainers within the telecommunications industry with Alcatel-Lucent ( ALU) being today's featured telecommunications industry leader.

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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