BlackBerry Ltd (BBRY): 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.

BlackBerry ( BBRY) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 1.3%. By the end of trading, BlackBerry fell $0.13 (-1.3%) to $9.83 on light volume. Throughout the day, 15,740,753 shares of BlackBerry exchanged hands as compared to its average daily volume of 25,338,400 shares. The stock ranged in price between $9.70-$10.05 after having opened the day at $10.03 as compared to the previous trading day's close of $9.96. Other companies within the Technology sector that declined today were: Giga-tronics ( GIGA), down 18.8%, Echelon Corporation ( ELON), down 16.6%, Linktone ( LTON), down 16.5% and Internet Initiative Japan ( IIJI), down 12.8%.

BlackBerry Limited engages in the design, manufacture, and marketing of wireless solutions worldwide. BlackBerry has a market cap of $5.1 billion and is part of the telecommunications industry. Shares are up 33.9% year to date as of the close of trading on Thursday. Currently there are no analysts that rate BlackBerry a buy, 8 analysts rate it a sell, and 20 rate it a hold.

TheStreet Ratings rates BlackBerry as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself.

On the positive front, SMART Technologies ( SMT), up 28.1%, LiveDeal ( LIVE), up 19.8%, Lattice Semiconductor ( LSCC), up 14.7% and Aeroflex ( ARX), up 14.6% , were all gainers within the technology sector with Oracle Corporation ( ORCL) 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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