Bally Technologies Inc. (BYI): Today's Featured Computer Software & Services Winner

Bally Technologies (BYI) pushed the Computer Software & Services industry higher today making it today's featured computer software & services winner. The industry as a whole closed the day down 1.1%. By the end of trading, Bally Technologies rose 67 cents (1.8%) to $38.17 on heavy volume. Throughout the day, 1.1 million shares of Bally Technologies exchanged hands as compared to its average daily volume of 598,900 shares. The stock ranged in a price between $37.55-$38.53 after having opened the day at $38.27 as compared to the previous trading day's close of $37.50. Other companies within the Computer Software & Services industry that increased today were: Recon Technology (RCON), up 32.4%, Wireless Ronin Technologies (RNIN), up 13.2%, Imperva (IMPV), up 9.8%, and Egain Communications Corporation (EGAN), up 9.4%.

Bally Technologies, Inc. operates as a diversified gaming company. The company designs, manufactures, operates, and distributes technology-based gaming devices, systems, and server-based solutions worldwide. Bally Technologies has a market cap of $1.57 billion and is part of the technology sector. The company has a P/E ratio of 19.4, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are down 11.1% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate Bally Technologies a buy, no analysts rate it a sell, and six rate it a hold.

TheStreet Ratings rates Bally Technologies as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

• You can view the full Bally Ratings Report.

On the negative front, Optibase (OBAS), down 16.7%, Bridgeline Digital (BLIN), down 11.5%, Intelligent Systems (INS), down 9.9%, and Salesforce.com (CRM), down 6.3%, were all losers within the computer software & services industry with Microsoft Corporation (MSFT) being today's computer software & services industry loser.

• Use our computer software & services section to find industry-relevant news.
• Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer software & services industry could consider iShares S&P NA Tech Software Idx (IGV) while those bearish on the computer software & services industry could consider ProShares Ultra Short Technology (REW).

• Find other investment ideas from our top rated ETFs lists.

 

For more information on Bally Technologies Inc. click any of the following:

• Bally Technologies Inc. Stock Price

• Bally Technologies Inc. Analyst Ratings

• Bally Technologies Inc. Key Stats & Profile

• Bally Technologies Inc. Earnings

• Bally Technologies Inc. Ratio Comparison

• Bally Technologies Inc. Growth Rates

• Bally Technologies Inc. Balance Sheet

• Bally Technologies Inc. Cash Flow

• Bally Technologies Inc. Income Statement