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.
Yandex (
YNDX) pushed the Internet industry lower today making it today's featured Internet laggard. The industry as a whole closed the day down 0.6%. By the end of trading, Yandex fell 52 cents (-2.2%) to $23.35 on average volume. Throughout the day, 1.9 million shares of Yandex exchanged hands as compared to its average daily volume of 1.5 million shares. The stock ranged in price between $22.66-$23.74 after having opened the day at $23.61 as compared to the previous trading day's close of $23.87. Other companies within the Internet industry that declined today were:
Trulia (
TRLA), down 6.6%,
Market Leader (
LEDR), down 5.4%,
Sify Technologies (
SIFY), down 5.2%, and
CafePress (
PRSS), down 4.8%.
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Yandex N.V., an Internet and technology company, operates an Internet search engine in Russia and internationally. It offers access to a range of information available online; localized homepages for specific geographic markets; and personalized and email services. Yandex has a market cap of $4.3 billion and is part of the
technology sector. The company has a P/E ratio of 43.9, above the average internet industry P/E ratio of 36.2 and above the S&P 500 P/E ratio of 17.7. Shares are up 21.2% year to date as of the close of trading on Tuesday. Currently there are eight analysts that rate Yandex a buy, no analysts rate it a sell, and none rate it a hold.
TheStreet Ratings rates Yandex as a
hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the internet industry could consider
First Trust Dow Jones Internet Idx (
FDN) while those bearish on the internet industry could consider
ProShares Ultra Short Technology (
REW).
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