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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.

Yandex

(

YNDX

) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day down 1.1%. By the end of trading, Yandex fell $2.34 (-6.2%) to $35.34 on heavy volume. Throughout the day, 6,108,912 shares of Yandex exchanged hands as compared to its average daily volume of 2,507,300 shares. The stock ranged in price between $35.09-$37.01 after having opened the day at $37.01 as compared to the previous trading day's close of $37.68. Other companies within the Technology sector that declined today were:

Control4

(

CTRL

), down 12.1%,

SemiLEDs

(

LEDS

), down 11.2%,

China Information Technology

(

CNIT

TheStreet Recommends

), down 10.5% and

Mitel Networks Corporation

(

MITL

), down 8.9%.

Yandex N.V. operates an Internet search engine in Russia and internationally. Yandex has a market cap of $9.4 billion and is part of the internet industry. The company has a P/E ratio of 46.0, above the S&P 500 P/E ratio of 17.7. Shares are down 12.7% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Yandex a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates

Yandex

as a

buy

. 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, notable return on equity, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front,

Vringo

(

VRNG

), up 20.6%,

Freescale Semiconductor

(

FSL

), up 14.7%,

Violin Memory

(

VMEM

), up 12.5% and

Plug Power

(

PLUG

), up 10.4% , were all gainers within the technology sector with

Activision Blizzard

(

ATVI

) 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.