Frontier Communications Corp (FTR): 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.

Frontier Communications ( FTR) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 1.6%. By the end of trading, Frontier Communications fell $0.10 (-1.8%) to $5.60 on heavy volume. Throughout the day, 21,327,012 shares of Frontier Communications exchanged hands as compared to its average daily volume of 10,576,600 shares. The stock ranged in price between $5.55-$5.71 after having opened the day at $5.70 as compared to the previous trading day's close of $5.70. Other companies within the Technology sector that declined today were: Astea International ( ATEA), down 18.3%, Alteva ( ALTV), down 10.4%, Giga-tronics ( GIGA), down 8.3% and Vicon Industries ( VII), down 8.0%.

Frontier Communications Corporation, a communications company, provides regulated and unregulated voice, data, and video services to residential, business, and wholesale customers in the United States. Frontier Communications has a market cap of $5.6 billion and is part of the telecommunications industry. Shares are up 22.7% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate Frontier Communications a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Frontier Communications as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and generally higher debt management risk.

On the positive front, Sungy Mobile Ltd ADR ( GOMO), up 18.3%, China BAK Battery ( CBAK), up 17.3%, Rubicon Technology ( RBCN), up 15.0% and Castlight Health Inc Class B ( CSLT), up 13.0% , were all gainers within the technology sector with Google ( GOOG) 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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