Ariba Inc. (ARBA): Today's Featured Internet Loser
(
) pushed the Internet industry lower today making it today's featured Internet loser. The industry as a whole closed the day up 0.7%. By the end of trading, Ariba fell 24 cents (-0.5%) to $44.98 on heavy volume. Throughout the day, 5.5 million shares of Ariba exchanged hands as compared to its average daily volume of 1.6 million shares. The stock ranged in price between $44.89-$45.15 after having opened the day at $45.10 as compared to the previous trading day's close of $45.22. Other company's within the Internet industry that declined today were:
(
), down 56%,
(
), down 9.6%,
(
), down 7.9%, and
(
), down 6.2%.
Ariba, Inc., together with its subsidiaries, provides collaborative business commerce solutions for buying and selling goods and services in the United States and internationally. Ariba has a market cap of $4.43 billion and is part of the
sector. Shares are up 61% year to date as of the close of trading on Friday. Currently there are five analysts that rate Ariba a buy, two analysts rate it a sell, and three rate it a hold.
TheStreet Ratings rates Ariba as a
. 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 and solid stock price performance. However, as a counter to these strengths, we find that the company's return on equity has been disappointing.
- You can view the full Ariba Ratings Report.
On the positive front,
Jiayuan.com International Ltd ADR
(
), up 18%,
(
), up 15.6%,
(
), up 10.9%, and
(
), up 8%, were all gainers within the internet industry with
(
) being today's featured internet industry winner.
- 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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