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 Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 2.6%. By the end of trading, Qihoo 360 Technology fell $1.38 (-2.0%) to $66.02 on average volume. Throughout the day, 2,211,432 shares of Qihoo 360 Technology exchanged hands as compared to its average daily volume of 2,249,500 shares. The stock ranged in price between $65.38-$67.48 after having opened the day at $66.85 as compared to the previous trading day's close of $67.40. Other companies within the Technology sector that declined today were:
), down 24.2%,
), down 16.1%,
), down 14.9% and
), down 10.2%.
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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 $8.3 billion and is part of the internet industry. Shares are up 127.0% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate Qihoo 360 Technology a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Qihoo 360 Technology
. 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.
- You can view the full Qihoo 360 Technology Ratings Report.
On the positive front,
), up 1598.6%,
), up 179.5%,
), up 31.2% and
), up 27.1% , were all gainers within the technology sector with
) being today's featured technology sector leader.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider
) while those bearish on the technology sector could consider
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