Jabil Circuit Inc. (JBL): 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.

Jabil Circuit ( JBL) 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, Jabil Circuit fell $4.05 (-20.5%) to $15.67 on heavy volume. Throughout the day, 24,353,776 shares of Jabil Circuit exchanged hands as compared to its average daily volume of 2,891,000 shares. The stock ranged in price between $15.30-$16.00 after having opened the day at $15.82 as compared to the previous trading day's close of $19.72. Other companies within the Technology sector that declined today were: Gogo ( GOGO), down 15.7%, OCZ Technology Group ( OCZ), down 8.4%, Orion Energy Systems ( OESX), down 8.2% and CounterPath Corporation ( CPAH), down 7.4%.

Jabil Circuit, Inc., together with its subsidiaries, provides electronic manufacturing services and solutions worldwide. The company operates in three segments: Diversified Manufacturing Services, Enterprise & Infrastructure, and High Velocity Systems. Jabil Circuit has a market cap of $4.0 billion and is part of the electronics industry. The company has a P/E ratio of 11.0, below the S&P 500 P/E ratio of 17.7. Shares are up 2.0% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Jabil Circuit a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Jabil Circuit as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, attractive valuation levels, growth in earnings per share and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

On the positive front, eOn Communications Corporation ( EONC), up 87.9%, NeoPhotonics ( NPTN), up 16.0%, Fluidigm Corporation ( FLDM), up 14.0% and iPass ( IPAS), up 14.0% , were all gainers within the technology sector with Google ( GOOG) 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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