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

.

Akamai Technologies

(

AKAM

) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 0.3%. By the end of trading, Akamai Technologies rose 53 cents (1.4%) to $37.96 on light volume. Throughout the day, 2.4 million shares of Akamai Technologies exchanged hands as compared to its average daily volume of 3.3 million shares. The stock ranged in a price between $37.10-$38.02 after having opened the day at $37.20 as compared to the previous trading day's close of $37.43. Other companies within the Technology sector that increased today were:

Key Tronic Corporation

(

KTCC

), up 24.3%,

Qihoo 360 Technology

(

QIHU

), up 15.9%,

Kayak Software

(

KYAK

), up 11.1%, and

MER Telemanagement Solutions

(

MTSL

), up 10.7%.

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Akamai Technologies, Inc. provides content delivery and cloud infrastructure services for accelerating and improving applications over the Internet in the United States and internationally. Akamai Technologies has a market cap of $6.49 billion and is part of the

internet

industry. The company has a P/E ratio of 36, above the average internet industry P/E ratio of 34.8 and above the S&P 500 P/E ratio of 17.7. Shares are up 16.3% year to date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Akamai Technologies a buy, no analysts rate it a sell, and nine rate it a hold.

TheStreet Ratings rates Akamai Technologies 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, reasonable valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front,

Nexxus Lighting

(

NEXS

), down 24.3%,

XRS

(

XRSC

), down 18%,

Ultra Clean Holdings

(

UCTT

), down 10.4%, and

Kewaunee Scientific

(

KEQU

), down 9.7%, were all laggards within the technology sector with

Micron Technology

(

MU

) 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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