Yandex NV (YNDX): Today's Featured Internet Laggard

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 0.1%. By the end of trading, Yandex fell 32 cents (-1.3%) to $23.76 on average volume. Throughout the day, 2.8 million shares of Yandex exchanged hands as compared to its average daily volume of 2.1 million shares. The stock ranged in price between $23.52-$24.57 after having opened the day at $24.23 as compared to the previous trading day's close of $24.08. Other companies within the Internet industry that declined today were: Vipshop Holdings Ltd ADR ( VIPS), down 10%, Dealertrack Technologies ( TRAK), down 7.6%, Friendfinder Networks ( FFN), down 6.4%, and Qihoo 360 Technology ( QIHU), down 5%.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Yandex N.V. operates as an Internet and technology company and 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 $4.77 billion and is part of the technology sector. The company has a P/E ratio of 29.1, above the S&P 500 P/E ratio of 17.7. Shares are up 9.6% year to date as of the close of trading on Monday. 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 sell. The area that we feel has been the company's primary weakness has been its feeble growth in its earnings per share.

On the positive front, ClickSoftware Technologies ( CKSW), up 5.8%, TechTarget ( TTGT), up 4.6%, Move ( MOVE), up 3.2%, and Tucows ( TCX), up 3%, were all gainers within the internet industry with Baidu ( BIDU) being today's featured internet industry leader.

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).

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.
null

If you liked this article you might like

Ousted Uber CEO Kalanick Said to Have Been Involved in Yandex Deal

Uber Teams With Russia's Yandex for Joint Ride-Hailing Business in Eastern Europe

Yandex Stock Sliding on Ukraine Sanctions

Russia's Yandex Hikes 2017 Revenue Outlook, Weighs Dividend Payout

Google's Android Settlement With Russian Regulators Bodes Well for Its future