Iron Mountain Inc (IRM): Today's Featured Technology Winner

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.

Iron Mountain ( IRM) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 1.4%. By the end of trading, Iron Mountain rose $0.63 (2.2%) to $29.17 on average volume. Throughout the day, 2,509,758 shares of Iron Mountain exchanged hands as compared to its average daily volume of 1,779,700 shares. The stock ranged in a price between $28.47-$29.44 after having opened the day at $28.54 as compared to the previous trading day's close of $28.54. Other companies within the Technology sector that increased today were: LiveDeal ( LIVE), up 11.0%, China Information Technology ( CNIT), up 9.9%, ARC Group Worldwide ( ARCW), up 9.5% and Demand Media ( DMD), up 9.3%.

Iron Mountain Incorporated, together with its subsidiaries, provides information management services primarily in North America, Europe, Latin America, and the Asia Pacific. Iron Mountain has a market cap of $5.5 billion and is part of the computer software & services industry. The company has a P/E ratio of 150.9, above the S&P 500 P/E ratio of 17.7. Shares are down 8.1% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Iron Mountain a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Iron Mountain as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and generally higher debt management risk.

On the negative front, Aehr Test Systems ( AEHR), down 16.5%, Ascent Solar Technologies ( ASTI), down 12.3%, ReneSola ( SOL), down 11.6% and Advanced Photonix ( API), down 11.4% , were all laggards within the technology sector with Yahoo ( YHOO) being today's technology sector laggard.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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