Alcatel-Lucent (ALU): 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.

Alcatel-Lucent ( ALU) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 1.4%. By the end of trading, Alcatel-Lucent fell $0.17 (-3.7%) to $4.37 on light volume. Throughout the day, 11,973,351 shares of Alcatel-Lucent exchanged hands as compared to its average daily volume of 20,228,400 shares. The stock ranged in price between $4.37-$4.50 after having opened the day at $4.49 as compared to the previous trading day's close of $4.54. Other companies within the Technology sector that declined today were: Linktone ( LTON), down 37.2%, Sungame ( SGMZ), down 26.7%, InfoSonics Corporation ( IFON), down 12.3% and Digital Power Corporation ( DPW), down 10.8%.

Alcatel-Lucent provides networking and communications technology, products, and services to service providers, enterprises, and governments worldwide. Alcatel-Lucent has a market cap of $10.4 billion and is part of the telecommunications industry. Shares are up 226.6% year to date as of the close of trading on Thursday. Currently there are 3 analysts that rate Alcatel-Lucent a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Alcatel-Lucent as a sell. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk and disappointing return on equity.

On the positive front, Tower Semiconductor ( TSEM), up 44.8%, Responsys ( MKTG), up 40.3%, OCZ Technology Group ( OCZ), up 16.6% and Hong Kong Television Network ( HKTV), up 16.6% , were all gainers within the technology sector with Adobe Systems ( ADBE) 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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