Infosys Ltd (INFY): Today's Featured Technology Loser

Infosys ( INFY) pushed the Technology sector lower today making it today's featured Technology loser. The sector as a whole closed the day down 0.3%. By the end of trading, Infosys fell 82 cents (-1.8%) to $44.85 on heavy volume. Throughout the day, 2.9 million shares of Infosys exchanged hands as compared to its average daily volume of 1.9 million shares. The stock ranged in price between $44.61-$45.89 after having opened the day at $45.78 as compared to the previous trading day's close of $45.67. Other company's within the Technology sector that declined today were: Cognizant Technology Solutions Corporation ( CTSH), down 19.2%, BroadSoft ( BSFT), down 18.9%, Bottomline Technologies ( EPAY), down 15.4%, and Wireless Ronin Technologies ( RNIN), down 15%.

Infosys Ltd. provides information technology (IT) and consulting services worldwide. Infosys has a market cap of $26.56 billion and is part of the computer software & services industry. The company has a P/E ratio of 16.2, above the average computer software & services industry P/E ratio of 15.6 and below the S&P 500 P/E ratio of 17.7. Shares are down 11.1% year to date as of the close of trading on Friday. Currently there is one analyst that rates Infosys a buy, one analyst rates it a sell, and 15 rate it a hold.

TheStreet Ratings rates Infosys 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, growth in earnings per share, increase in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, ClearSign Combustion ( CLIR), up 26.2%, China Information Technology ( CNIT), up 26.1%, Synacor ( SYNC), up 15%, and Netsol Technologies ( NTWK), up 11.1%, were all gainers within the technology sector with Mobile Telesystems OJSC ( MBT) 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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