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Infosys Ltd (INFY): Today's Featured Technology Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Infosys ( INFY) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 0.2%. By the end of trading, Infosys rose 82 cents (1.9%) to $43.49 on average volume. Throughout the day, 2.1 million shares of Infosys exchanged hands as compared to its average daily volume of two million shares. The stock ranged in a price between $43.14-$43.84 after having opened the day at $43.35 as compared to the previous trading day's close of $42.67. Other companies within the Technology sector that increased today were: Jacada ( JCDA), up 17%, Microvision ( MVIS), up 13.8%, Vringo ( VRNG), up 9.3%, and FairPoint Communications ( FRP), up 8.9%.

Infosys Limited provides business consulting, technology, engineering, and outsourcing services worldwide. Infosys has a market cap of $23.68 billion and is part of the computer software & services industry. The company has a P/E ratio of 14.2, above the average computer software & services industry P/E ratio of 13.5 and below the S&P 500 P/E ratio of 17.7. Shares are down 17% year to date as of the close of trading on Monday. Currently there is one analyst that rates Infosys a buy, one analyst rates it a sell, and 15 rate it a hold.

TheStreet Ratings rates Infosys as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year.

On the negative front, Helios & Matheson Information Technology In ( HMNY), down 13%, Aehr Test Systems ( AEHR), down 10.5%, Camelot Information Systems ( CIS), down 10.3%, and Wave Systems Corporation ( WAVX), down 9.8%, were all laggards within the technology sector with American Tower ( AMT) being today's technology sector laggard.

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).

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