CenturyLink Inc (CTL): 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.

CenturyLink ( CTL) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 0.2%. By the end of trading, CenturyLink fell $0.48 (-1.5%) to $31.36 on heavy volume. Throughout the day, 13,176,558 shares of CenturyLink exchanged hands as compared to its average daily volume of 4,890,500 shares. The stock ranged in price between $30.40-$31.69 after having opened the day at $31.63 as compared to the previous trading day's close of $31.84. Other companies within the Technology sector that declined today were: Semtech Corporation ( SMTC), down 12.1%, IEC Electronics Corporation ( IEC), down 9.5%, Maxcom Telecomunicaciones S.A.B. de C.V ( MXT), down 8.3% and Overland Storage ( OVRL), down 7.6%.

CenturyLink, Inc. operates as an integrated telecommunications company in the United States. CenturyLink has a market cap of $18.6 billion and is part of the telecommunications industry. Shares are down 18.6% year to date as of the close of trading on Wednesday. Currently there are 9 analysts that rate CenturyLink a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates CenturyLink as a hold. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow.

On the positive front, InfoSonics Corporation ( IFON), up 52.0%, NII Holdings ( NIHD), up 22.7%, Violin Memory ( VMEM), up 14.3% and IAC/InterActiveCorp ( IACI), up 14.0% , were all gainers within the technology sector with Hewlett-Packard ( HPQ) 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.

If you liked this article you might like

A Robot Will Be Taking Your Job Soon

This Is Why Tech Stocks Are Heading Into the Weekend With a Nasty Hangover

This Pattern on CenturyLink Has My Attention

Warren Buffett Investing in Sprint Would Be Unusual, but Not Unprecedented