Vringo Inc. (VRNG): Today's Featured Computer Software & Services Winner

Vringo ( VRNG) pushed the Computer Software & Services industry higher today making it today's featured computer software & services winner. The industry as a whole closed the day down 2.8%. By the end of trading, Vringo rose 31 cents (8.2%) to $4.10 on heavy volume. Throughout the day, 4.3 million shares of Vringo exchanged hands as compared to its average daily volume of 2.3 million shares. The stock ranged in a price between $3.57-$4.40 after having opened the day at $3.80 as compared to the previous trading day's close of $3.79. Other companies within the Computer Software & Services industry that increased today were: Bridgeline Digital ( BLIN), up 6.5%, Majesco Entertainment Company ( COOL), up 5%, Astea International ( ATEA), up 3%, and Streamline Health Solutions ( STRM), up 2.7%.

Vringo, Inc., a development stage company, provides a range of software products for mobile video entertainment, personalization, and mobile social applications. Vringo has a market cap of $49.2 million and is part of the technology sector. Shares are up 282.8% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Vringo as a sell. Among the areas we feel are negative, one of the most important has been unimpressive growth in net income over time.

On the negative front, Splunk ( SPLK), down 16.3%, Webmedia Brands ( WEBM), down 13.8%, Proofpoint ( PFPT), down 12.5%, and Kingtone Wirelessinfo Solution ( KONE), down 11.3%, were all losers within the computer software & services industry with Sap AG ADR ( SAP) being today's computer software & services industry loser.

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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