Cognizant Technology Solutions Corporation (CTSH): Today's Featured Computer Software & Services Loser

Cognizant Technology Solutions Corporation ( CTSH) pushed the Computer Software & Services industry lower today making it today's featured Computer Software & Services loser. The industry as a whole closed the day down 0.8%. By the end of trading, Cognizant Technology Solutions Corporation fell 68 cents (-0.9%) to $73.30 on light volume. Throughout the day, 1.5 million shares of Cognizant Technology Solutions Corporation exchanged hands as compared to its average daily volume of 2.1 million shares. The stock ranged in price between $72.88-$74 after having opened the day at $73.87 as compared to the previous trading day's close of $73.98. Other company's within the Computer Software & Services industry that declined today were: American Reprographics Company ( ARC), down 8.1%, icad ( ICAD), down 8%, Camelot Information Systems ( CIS), down 7.8%, and Sonic Foundry ( SOFO), down 7.4%.

Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process outsourcing services in North America, Europe, and internationally. Cognizant Technology Solutions Corporation has a market cap of $22.34 billion and is part of the technology sector. Currently there are 18 analysts that rate Cognizant Technology Solutions Corporation a buy, no analysts rate it a sell, and two rate it a hold.

TheStreet Ratings rates Cognizant Technology Solutions Corporation 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, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, Authentidate Holding Corporation ( ADAT), up 9.3%, Recon Technology ( RCON), up 8.6%, Webmedia Brands ( WEBM), up 8.4%, and Vringo ( VRNG), up 8.3%, were all gainers within the computer software & services industry with Infosys ( INFY) being today's featured computer software & services industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer software & services industry could consider iShares S&P NA Tech Software Idx ( IGV) while those bearish on the computer software & services industry could consider ProShares Ultra Short Technology ( REW).
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