Rackspace Hosting Inc



) pushed the Internet industry higher today making it today's featured internet winner. The industry as a whole closed the day down 0.9%. By the end of trading, Rackspace Hosting Inc rose $1.33 (3.4%) to $40.89 on average volume. Throughout the day, 1.9 million shares of Rackspace Hosting Inc exchanged hands as compared to its average daily volume of 1.6 million shares. The stock ranged in a price between $39.53-$41.16 after having opened the day at $39.56 as compared to the previous trading day's close of $39.56. Other companies within the Internet industry that increased today were:

Selectica Inc



), up 16.1%,

Points International



), up 5.9%,

Youku.com Inc



), up 5.6%, and

Bankrate Inc



), up 5.2%.

Rackspace Hosting, Inc. operates in the hosting and cloud computing industry. It provides information technology (IT) as a service, managing Web-based IT systems for small and medium-sized businesses, as well as large enterprises worldwide. Rackspace Hosting Inc has a market cap of $5.5 billion and is part of the


sector. The company has a P/E ratio of 87.4, below the average internet industry P/E ratio of 89.2 and above the S&P 500 P/E ratio of 17.7. Shares are up 25.9% year to date as of the close of trading on Monday.

TheStreet Ratings rates Rackspace Hosting as a


. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the negative front,

Groupon Inc



), down 14.9%,

Friendfinder Networks Inc



), down 12.2%,




), down 11.2%, and

Edgar Online Inc



), down 7.1%, were all losers within the internet industry with

Akamai Technologies Inc



) being today's internet industry loser.

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First Trust Dow Jones Internet Idx



) while those bearish on the internet industry could consider

ProShares Ultra Short Technology