Yahoo! Inc (YHOO): Today's Featured Technology Loser

Yahoo ( YHOO) pushed the Technology sector lower today making it today's featured Technology loser. The sector as a whole closed the day down 1.5%. By the end of trading, Yahoo fell 27 cents (-1.7%) to $15.40 on light volume. Throughout the day, 10.7 million shares of Yahoo exchanged hands as compared to its average daily volume of 17.3 million shares. The stock ranged in price between $15.32-$15.64 after having opened the day at $15.64 as compared to the previous trading day's close of $15.67. Other company's within the Technology sector that declined today were: Mitek Systems ( MITK), down 56.2%, Novatel Wireless ( NVTL), down 24.9%, ValueClick ( VCLK), down 22.2%, and Callidus Software ( CALD), down 21.3%.

Yahoo! Inc., together with its subsidiaries, operates as a digital media company that delivers personalized digital content and experiences through various devices worldwide. It offers online properties and services to users; and a range of marketing services to businesses. Yahoo has a market cap of $18.97 billion and is part of the internet industry. The company has a P/E ratio of 17.6, below the average internet industry P/E ratio of 17.8 and below the S&P 500 P/E ratio of 17.7. Shares are down 2.9% year to date as of the close of trading on Wednesday. Currently there are seven analysts that rate Yahoo a buy, one analyst rates it a sell, and 18 rate it a hold.

TheStreet Ratings rates Yahoo as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, VirnetX ( VHC), up 22.5%, Ellie Mae ( ELLI), up 20.4%, Atlantic Tele-Network ( ATNI), up 18.1%, and ION Geophysical Corporation ( IO), up 17%, were all gainers within the technology sector with Level three Communications ( LVLT) being today's featured technology sector winner.

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).
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