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


Riverbed Technology Incorporated



) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 0.3%. By the end of trading, Riverbed Technology Incorporated fell $4.15 (-18.4%) to $18.47 on heavy volume. Throughout the day, 18.5 million shares of Riverbed Technology Incorporated exchanged hands as compared to its average daily volume of 3.8 million shares. The stock ranged in price between $17.97-$20 after having opened the day at $19.93 as compared to the previous trading day's close of $22.62. Other companies within the Technology sector that declined today were:

Rediff.com India



), down 39%,




), down 36%,

Ceragon Networks



), down 23.4%, and




), down 18.7%.

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Riverbed Technology, Inc. provides solutions to the fundamental problems associated with information technology performance across wide area networks (WANs) in the United States and internationally. Riverbed Technology Incorporated has a market cap of $3.49 billion and is part of the computer hardware industry. The company has a P/E ratio of 53.9, equal to the average computer hardware industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are down 3.7% year to date as of the close of trading on Tuesday. Currently there are 12 analysts that rate Riverbed Technology Incorporated a buy, no analysts rate it a sell, and 18 rate it a hold.

TheStreet Ratings rates Riverbed Technology Incorporated 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, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front,

Enova Systems



), up 77.3%,

OPNET Technologies



), up 31%,

eOn Communications Corporation



), up 25%, and

Recon Technology



), up 23.6%, were all gainers within the technology sector with

Nokia Oyj



) being today's featured technology sector leader.

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



) while those bearish on the technology sector could consider

ProShares Ultra Short Technology




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