Cognizant Technology Solutions Corporation (CTSH): Today's Featured Computer Software & Services Winner

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.

Cognizant Technology Solutions Corporation ( CTSH) 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 up 1.3%. By the end of trading, Cognizant Technology Solutions Corporation rose $1.44 (2.2%) to $67.12 on average volume. Throughout the day, three million shares of Cognizant Technology Solutions Corporation exchanged hands as compared to its average daily volume of 2.5 million shares. The stock ranged in a price between $66.13-$67.36 after having opened the day at $66.15 as compared to the previous trading day's close of $65.68. Other companies within the Computer Software & Services industry that increased today were: BOS Better Online Solutions ( BOSC), up 70.2%, THQ ( THQI), up 38%, Chyron Corporation ( CHYR), up 11.5%, and DynaVox ( DVOX), up 8.5%.
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Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process outsourcing services in North America, Europe, and internationally. Cognizant Technology Solutions Corporation has a market cap of $19.67 billion and is part of the technology sector. The company has a P/E ratio of 19.9, above the S&P 500 P/E ratio of 17.7. Shares are up 1.9% year to date as of the close of trading on Wednesday. Currently there are 20 analysts that rate Cognizant Technology Solutions Corporation a buy, no analysts rate it a sell, and one rates it a hold.

TheStreet Ratings rates Cognizant Technology Solutions Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

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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