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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.

VMware

(

VMW

) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 1.5%. By the end of trading, VMware fell $0.95 (-1.0%) to $90.77 on heavy volume. Throughout the day, 3,761,843 shares of VMware exchanged hands as compared to its average daily volume of 2,050,400 shares. The stock ranged in price between $90.58-$93.49 after having opened the day at $93.48 as compared to the previous trading day's close of $91.72. Other companies within the Technology sector that declined today were:

NeuStar

(

NSR

), down 19.8%,

BroadVision

(

BVSN

), down 13.2%,

On Track Innovations

(

OTIV

TheStreet Recommends

), down 12.6% and

Vringo

(

VRNG

), down 10.2%.

VMware, Inc. provides virtualization infrastructure solutions in the United States and internationally. VMware has a market cap of $12.4 billion and is part of the computer software & services industry. The company has a P/E ratio of 46.3, above the S&P 500 P/E ratio of 17.7. Shares are up 2.2% year to date as of the close of trading on Wednesday. Currently there are 17 analysts that rate VMware a buy, 2 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates

VMware

as a

buy

. The company's strengths can be seen in multiple areas, such as its 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,

Accelrys

(

ACCL

), up 29.3%,

Infinera Corporation

(

INFN

), up 29.0%,

GlobalSCAPE Incorporated

(

GSB

), up 18.9% and

Concur Technologies

(

CNQR

), up 17.1% , were all gainers within the technology sector with

Cognizant Technology Solutions Corporation

(

CTSH

) 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

(

XLK

) while those bearish on the technology sector could consider

ProShares Ultra Short Technology

(

REW

).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.