Harris Corporation (HRS): Today's Featured Telecommunications 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.

Harris Corporation ( HRS) pushed the Telecommunications industry higher today making it today's featured telecommunications winner. The industry as a whole closed the day up 0.5%. By the end of trading, Harris Corporation rose $0.70 (1.0%) to $69.67 on light volume. Throughout the day, 420,236 shares of Harris Corporation exchanged hands as compared to its average daily volume of 625,500 shares. The stock ranged in a price between $68.82-$69.82 after having opened the day at $68.92 as compared to the previous trading day's close of $68.97. Other companies within the Telecommunications industry that increased today were: InfoSonics Corporation ( IFON), up 58.8%, Pointer Telocation ( PNTR), up 7.9%, Sierra Wireless ( SWIR), up 6.7% and Net Element ( NETE), up 6.1%.

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 $7.4 billion and is part of the technology sector. Shares are up 40.9% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Harris Corporation a buy, 2 analysts rate it a sell, and 6 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 solid stock price performance, compelling growth in net income, expanding profit margins, good cash flow from operations and growth in earnings per share. 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 negative front, BlackBerry ( BBRY), down 8.7%, Internet Gold Golden Lines ( IGLD), down 8.3%, Turkcell Iletisim Hizmetleri AS ( TKC), down 6.4% and Nortel Inversora ( NTL), down 5.5% , were all laggards within the telecommunications industry with JDS Uniphase Corp (CA ( JDSU) being today's telecommunications industry laggard.

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).

3x UPSIDE POTENTIAL: 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

Intel Chief Joins CEOs of Merck, Under Armour in Exiting Trump Business Council

A Show of Strength From Harris

Aerospace, Defense Stocks Mixed as Trump Tweets Military 'Locked & Loaded'

Market Recon: It's Obvious the U.S. Consumer Is Far From Being OK