Infosys Ltd (INFY): Today's Featured Computer Software & Services Loser

Infosys ( INFY) 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 0.6%. By the end of trading, Infosys fell $4.87 (-11.2%) to $38.75 on heavy volume. Throughout the day, 9.5 million shares of Infosys exchanged hands as compared to its average daily volume of 1.9 million shares. The stock ranged in price between $38.12-$39.50 after having opened the day at $39.04 as compared to the previous trading day's close of $43.62. Other company's within the Computer Software & Services industry that declined today were: BOS Better Online Solutions ( BOSC), down 10.6%, icad ( ICAD), down 9.3%, MakeMusic ( MMUS), down 8%, and CounterPath Corporation ( CPAH), down 6.5%.

Infosys Limited provides business consulting, technology, engineering, and outsourcing services worldwide. Infosys has a market cap of $24.99 billion and is part of the technology sector. The company has a P/E ratio of 14.5, equal to the average computer software & services industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 15.3% year to date as of the close of trading on Wednesday. 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, Asure Software ( ASUR), up 20.6%, Netsol Technologies ( NTWK), up 18.3%, Ninetowns Technology Group Company ( NINE), up 8.6%, and Kingtone Wirelessinfo Solution ( KONE), up 7.2%, were all gainers within the computer software & services industry with Salesforce.com ( CRM) 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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