Qihoo 360 Technology Co. Ltd. (QIHU): Today's Featured Technology 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.

Qihoo 360 Technology ( QIHU) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 0.6%. By the end of trading, Qihoo 360 Technology rose 53 cents (2%) to $27.33 on average volume. Throughout the day, two million shares of Qihoo 360 Technology exchanged hands as compared to its average daily volume of two million shares. The stock ranged in a price between $26.45-$27.44 after having opened the day at $26.72 as compared to the previous trading day's close of $26.80. Other companies within the Technology sector that increased today were: Viasystems Group ( VIAS), up 12.4%, MERU Networks ( MERU), up 11.7%, LDK Solar Company ( LDK), up 10.7%, and magicJack VocalTec ( CALL), up 10.3%.
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Qihoo 360 Technology Co. Ltd. provides Internet and mobile security products in the People's Republic of China. Qihoo 360 Technology has a market cap of $3.23 billion and is part of the internet industry. The company has a P/E ratio of 79.6, above the S&P 500 P/E ratio of 17.7. Shares are up 72.6% year to date as of the close of trading on Thursday. Currently there are six analysts that rate Qihoo 360 Technology a buy, no analysts rate it a sell, and one rates it a hold.

TheStreet Ratings rates Qihoo 360 Technology as a hold. 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 and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's return on equity has been disappointing.

On the negative front, Wireless Ronin Technologies ( RNIN), down 15.3%, BOS Better Online Solutions ( BOSC), down 10.9%, Spire Corporation ( SPIR), down 10.2%, and Aehr Test Systems ( AEHR), down 9.1%, were all laggards within the technology sector with International Business Machines ( IBM) being today's technology sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

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