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.

Infosys ( INFY) pushed the Computer Software & Services industry lower today making it today's featured Computer Software & Services laggard. The industry as a whole was unchanged today. By the end of trading, Infosys fell 62 cents (-1.1%) to $53.93 on light volume. Throughout the day, 1.6 million shares of Infosys exchanged hands as compared to its average daily volume of 2.2 million shares. The stock ranged in price between $53.80-$54.50 after having opened the day at $53.81 as compared to the previous trading day's close of $54.55. Other companies within the Computer Software & Services industry that declined today were: BroadSoft ( BSFT), down 32.1%, Procera Networks ( PKT), down 30.4%, Crexendo ( EXE), down 8.9%, and Market Leader ( LEDR), down 8%.
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Infosys Limited provides business consulting, technology, engineering, and outsourcing services worldwide. Infosys has a market cap of $31.13 billion and is part of the technology sector. The company has a P/E ratio of 18.2, above the S&P 500 P/E ratio of 17.7. Shares are up 29% year to date as of the close of trading on Wednesday. Currently there are three analysts that rate Infosys a buy, three analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Infosys as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, Wireless Ronin Technologies ( RNIN), up 108.8%, CounterPath Corporation ( CPAH), up 10%, GigaMedia ( GIGM), up 9.3%, and China Mobile Games and Entertainment Group ( CMGE), up 8.9%, were all gainers within the computer software & services industry with Salesforce.com ( CRM) being today's featured computer software & services industry leader.

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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