Rovi Corp (ROVI): Today's Featured Computer Software & Services Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Rovi ( ROVI) pushed the Computer Software & Services industry lower today making it today's featured Computer Software & Services laggard. The industry as a whole closed the day up 1.1%. By the end of trading, Rovi fell 22 cents (-1.4%) to $16.12 on light volume. Throughout the day, 1.1 million shares of Rovi exchanged hands as compared to its average daily volume of 2.2 million shares. The stock ranged in price between $16.08-$16.45 after having opened the day at $16.38 as compared to the previous trading day's close of $16.35. Other companies within the Computer Software & Services industry that declined today were: Helios & Matheson Information Technology In ( HMNY), down 15.7%, Camelot Information Systems ( CIS), down 9.6%, BOS Better Online Solutions ( BOSC), down 5.7%, and Dynamics Research Corporation ( DRCO), down 4.8%.
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Rovi Corporation provides digital entertainment technology solutions for the discovery and management of entertainment content. Rovi has a market cap of $1.78 billion and is part of the technology sector. Shares are down 33.6% year to date as of the close of trading on Wednesday. Currently there are five analysts that rate Rovi a buy, one analyst rates it a sell, and seven rate it a hold.

TheStreet Ratings rates Rovi as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself, deteriorating net income and feeble growth in its earnings per share.

On the positive front, inContact ( SAAS), up 12.4%, FalconStor Software ( FALC), up 9%, Eloqua ( ELOQ), up 8.8%, and BluePhoenix Solutions ( BPHX), up 8.4%, were all gainers within the computer software & services industry with Oracle Corporation ( ORCL) being today's featured computer software & services industry leader.

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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