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Sap AG (SAP): Today's Featured Technology Winner

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.

Sap (SAP) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 1.1%. By the end of trading, Sap rose $1.16 (1.5%) to $79.17 on light volume. Throughout the day, 654,205 shares of Sap exchanged hands as compared to its average daily volume of 1,032,300 shares. The stock ranged in a price between $77.97-$79.25 after having opened the day at $78.00 as compared to the previous trading day's close of $78.01. Other companies within the Technology sector that increased today were: ION Geophysical Corporation (IO), up 29.2%, LiveDeal (LIVE), up 25.4%, ARC Group Worldwide (ARCW), up 16.0% and Luxoft Holding Inc Class A (LXFT), up 14.7%.

SAP AG provides enterprise application software and software-related services worldwide. It offers products in applications, analytics, cloud, mobile, and database and technology categories. Sap has a market cap of $93.2 billion and is part of the computer software & services industry. Shares are down 10.5% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Sap a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Sap as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the negative front, Itron (ITRI), down 14.2%, Alvarion (ALVR), down 12.5%, support.com (SPRT), down 10.7% and Lantronix (LTRX), down 9.8% , were all laggards within the technology sector with InvenSense (INVN) 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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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