International Game Technology (IGT): 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.

International Game Technology ( IGT) 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 0.1%. By the end of trading, International Game Technology rose 28 cents (1.9%) to $15.17 on heavy volume. Throughout the day, 6.1 million shares of International Game Technology exchanged hands as compared to its average daily volume of four million shares. The stock ranged in a price between $14.75-$15.24 after having opened the day at $14.84 as compared to the previous trading day's close of $14.89. Other companies within the Computer Software & Services industry that increased today were: Egain Communications Corporation ( EGAN), up 24.6%, BOS Better Online Solutions ( BOSC), up 7.6%, Splunk ( SPLK), up 6.9%, and inContact ( SAAS), up 6.7%.
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International Game Technology engages in the design, development, manufacture, and marketing of casino games, gaming equipment, and systems technology for land-based and online social gaming, and wagering markets worldwide. International Game Technology has a market cap of $3.99 billion and is part of the technology sector. The company has a P/E ratio of 17.4, below the S&P 500 P/E ratio of 17.7. Shares are up 5.7% year to date as of the close of trading on Monday. Currently there are 10 analysts that rate International Game Technology a buy, no analysts rate it a sell, and seven rate it a hold.

TheStreet Ratings rates International Game Technology as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, attractive valuation levels, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, Majesco Entertainment Company ( COOL), down 29.8%, CSP ( CSPI), down 8.9%, Wave Systems Corporation ( WAVX), down 8.9%, and icad ( ICAD), down 8.4%, were all laggards within the computer software & services industry with Cerner Corporation ( CERN) being today's computer software & services industry laggard.

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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