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 0.1%. By the end of trading, Qihoo 360 Technology rose 99 cents (3.2%) to $31.83 on light volume. Throughout the day, 1.8 million shares of Qihoo 360 Technology exchanged hands as compared to its average daily volume of 2.6 million shares. The stock ranged in a price between $30.63-$32.14 after having opened the day at $30.63 as compared to the previous trading day's close of $30.84. Other companies within the Technology sector that increased today were: Trulia ( TRLA), up 21.9%, CounterPath Corporation ( CPAH), up 19.8%, Pros Holdings ( PRO), up 18.2%, and icad ( ICAD), up 17.2%.
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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 $3.67 billion and is part of the internet industry. The company has a P/E ratio of 90.6, above the S&P 500 P/E ratio of 17.7. Shares are up 3.7% year to date as of the close of trading on Tuesday. 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, Renewable Energy Trade Board ( EBOD), down 64.6%, Plug Power ( PLUG), down 26.4%, EZChip Semiconductor ( EZCH), down 20.7%, and Rackspace Hosting ( RAX), down 19.6%, were all laggards within the technology sector with Research in Motion ( RIMM) 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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