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AthenaHealth Inc. (ATHN): Today's Featured Computer Software & Services 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.

AthenaHealth ( ATHN) 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 up 0.1%. By the end of trading, AthenaHealth fell $9.34 (-4.6%) to $195.07 on average volume. Throughout the day, 694,511 shares of AthenaHealth exchanged hands as compared to its average daily volume of 685,800 shares. The stock ranged in price between $191.58-$203.56 after having opened the day at $202.77 as compared to the previous trading day's close of $204.41. Other companies within the Computer Software & Services industry that declined today were: Commtouch Software ( CTCH), down 13.9%, CYREN ( CYRN), down 13.9%, Veeva Systems ( VEEV), down 8.0% and Top Image Systems ( TISA), down 7.6%.

athenahealth, Inc., a business services company, provides ongoing billing, clinical-related, and other related services to medical group practices primarily in the United States. The company provides services through the athenaNet, a proprietary Internet-based practice management application. AthenaHealth has a market cap of $7.3 billion and is part of the technology sector. Shares are up 45.0% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate AthenaHealth a buy, 2 analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates AthenaHealth as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and premium valuation.

On the positive front, Bazaarvoice ( BV), up 19.7%, EFuture Information Technology ( EFUT), up 13.2%, Cvent ( CVT), up 9.4% and FireEye ( FEYE), up 8.4% , were all gainers within the computer software & services industry with VMware ( VMW) being today's featured computer software & services industry leader.

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).

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