Verizon Communications Inc (VZ): 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.

Verizon Communications ( VZ) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day down 2.8%. By the end of trading, Verizon Communications fell $1.61 (-3.4%) to $46.41 on heavy volume. Throughout the day, 35,538,683 shares of Verizon Communications exchanged hands as compared to its average daily volume of 12,817,300 shares. The stock ranged in price between $46.22-$48.02 after having opened the day at $47.26 as compared to the previous trading day's close of $48.02. Other companies within the Technology sector that declined today were: Net Element ( NETE), down 11.6%, Alvarion ( ALVR), down 11.1%, Mam Software Group ( MAMS), down 10.3% and Wireless Telecom Group ( WTT), down 10.3%.

Verizon Communications Inc., through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Verizon Communications has a market cap of $136.2 billion and is part of the telecommunications industry. The company has a P/E ratio of 16.8, below the S&P 500 P/E ratio of 17.7. Shares are down 2.3% year to date as of the close of trading on Friday. Currently there are 19 analysts that rate Verizon Communications a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Verizon Communications as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, good cash flow from operations 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, WPCS International ( WPCS), up 23.2%, GigOptix ( GIG), up 12.3%, InfoSonics Corporation ( IFON), up 8.2% and Digital Power Corporation ( DPW), up 7.8%.

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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