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 Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day down 0.3%. By the end of trading, Infosys fell $11.31 (-20.8%) to $43.03 on heavy volume. Throughout the day, 18.1 million shares of Infosys exchanged hands as compared to its average daily volume of 1.8 million shares. The stock ranged in price between $42.87-$45.26 after having opened the day at $44.17 as compared to the previous trading day's close of $54.34. Other companies within the Technology sector that declined today were: Deltathree ( DDDC), down 30%, DynaVox ( DVOX), down 28.6%, WPCS International ( WPCS), down 15.9%, and Alvarion ( ALVR), down 15.6%.
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Infosys Limited provides business consulting, technology, engineering, and outsourcing services worldwide. Infosys has a market cap of $30.28 billion and is part of the computer software & services industry. The company has a P/E ratio of 17.7, equal to the S&P 500 P/E ratio of 17.7. Shares are up 28.5% year to date as of the close of trading on Thursday. Currently there are three analysts that rate Infosys a buy, four analysts rate it a sell, and nine 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, Elephant Talk Communications ( ETAK), up 22.7%, Dialogic ( DLGC), up 12.8%, Bankrate ( RATE), up 12.6%, and Mattson Technology ( MTSN), up 10.6%, were all gainers within the technology sector with NVIDIA Corporation ( NVDA) being today's featured technology sector leader.

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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