Opentable Inc. (OPEN): Today's Featured Internet 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.
(
) pushed the Internet industry lower today making it today's featured Internet laggard. The industry as a whole was unchanged today. By the end of trading, Opentable fell $1.45 (-2.2%) to $64.06 on average volume. Throughout the day, 560,334 shares of Opentable exchanged hands as compared to its average daily volume of 564,900 shares. The stock ranged in price between $63.74-$65.25 after having opened the day at $64.51 as compared to the previous trading day's close of $65.51. Other companies within the Internet industry that declined today were:
(
), down 10.2%,
(
), down 7.7%,
(
), down 6.7% and
(
), down 5.2%.
OpenTable, Inc. provides restaurant reservation solutions primarily in the United States, Canada, Germany, Japan, Mexico, and the United Kingdom. It offers solutions that form an online network connecting reservation-taking restaurants and people who dine at those restaurants. Opentable has a market cap of $1.5 billion and is part of the technology sector. Shares are up 34.3% year to date as of the close of trading on Monday. Currently there are 2 analysts that rate Opentable a buy, 1 analyst rates it a sell, and 8 rate it a hold.
TheStreet Ratings rates
Opentable
as a
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
- You can view the full Opentable Ratings Report.
On the positive front,
(
), up 17.2%,
(
), up 8.9%,
(
), up 6.2% and
(
), up 3.6% , were all gainers within the internet industry with
(
) being today's featured internet industry leader.
- Use our internet 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 internet industry could consider
First Trust Dow Jones Internet Idx
(
) while those bearish on the internet industry could consider
ProShares Ultra Short Technology
(
).
- Find other investment ideas from our top rated ETFs lists.
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