Computer Software & Services Industry Underperformer Of The Day: Cognizant Technology Solutions Corporation (CTSH)

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.

Cognizant Technology Solutions Corporation (CTSH) pushed the Computer Software & Services industry lower today making it today's featured Computer Software & Services laggard. The industry as a whole closed the day down 0.5%. By the end of trading, Cognizant Technology Solutions Corporation fell $1.47 (-1.9%) to $76.14 on average volume. Throughout the day, 1.8 million shares of Cognizant Technology Solutions Corporation exchanged hands as compared to its average daily volume of 1.9 million shares. The stock ranged in price between $76.03-$76.89 after having opened the day at $76.87 as compared to the previous trading day's close of $77.61. Other companies within the Computer Software & Services industry that declined today were: Cimatron (CIMT), down 15.3%, Kingtone Wirelessinfo Solution (KONE), down 14.3%, Cover-All Technologies (COVR), down 13%, and Oracle Corporation (ORCL), down 9.7%.

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Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process outsourcing services worldwide. The company operates through four segments: Financial Services; Healthcare; Manufacturing, Retail, and Logistics; and Other. Cognizant Technology Solutions Corporation has a market cap of $23.42 billion and is part of the technology sector. The company has a P/E ratio of 22.6, above the S&P 500 P/E ratio of 17.7. Shares are up 4.4% year to date as of the close of trading on Wednesday. Currently there are 19 analysts that rate Cognizant Technology Solutions Corporation a buy, no analysts rate it a sell, and two rate it a hold.

TheStreet Ratings rates Cognizant Technology Solutions Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

• You can view the full Cognizant Technology Ratings Report.

On the positive front, Qualys (QLYS), up 6.5%, Camelot Information Systems (CIS), up 6.5%, Perion Network (PERI), up 5.6%, and Glu Mobile (GLUU), up 5.1%, were all gainers within the computer software & services industry with Electronic Arts (EA) being today's featured computer software & services industry leader.

• Use our computer software & services section to find industry-relevant news.
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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.

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