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

Qihoo 360 Technology



) pushed the Internet industry lower today making it today's featured Internet laggard. The industry as a whole closed the day up 0.5%. By the end of trading, Qihoo 360 Technology fell $0.78 (-1.8%) to $43.55 on light volume. Throughout the day, 1,270,523 shares of Qihoo 360 Technology exchanged hands as compared to its average daily volume of 1,722,400 shares. The stock ranged in price between $42.80-$44.30 after having opened the day at $44.15 as compared to the previous trading day's close of $44.33. Other companies within the Internet industry that declined today were:




), down 28.0%,

Phoenix New Media



), down 11.8%,




), down 5.8% and

ChinaNet Online Holdings



), down 3.1%.

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Qihoo 360 Technology Co. Ltd. provides Internet and mobile security products in the People's Republic of China. Qihoo 360 Technology has a market cap of $5.5 billion and is part of the technology sector. The company has a P/E ratio of 117.2, above the S&P 500 P/E ratio of 17.7. Shares are up 49.3% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Qihoo 360 Technology a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates

Qihoo 360 Technology

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 also find weaknesses including deteriorating net income, disappointing return on equity and premium valuation.

On the positive front,

Net Element International



), down 11.7%,

Friendfinder Networks



), down 11.1%,




), down 5.1% and




), down 3.9% , were all gainers within the internet industry with




) being today's featured internet industry leader.

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




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