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 up 0.1%. By the end of trading, Yandex fell $0.41 (-1.4%) to $28.85 on average volume. Throughout the day, 2,807,222 shares of Yandex exchanged hands as compared to its average daily volume of 2,848,100 shares. The stock ranged in price between $28.46-$29.36 after having opened the day at $29.27 as compared to the previous trading day's close of $29.26. Other companies within the Internet industry that declined today were: LookSmart ( LOOK), down 10.7%, ChinaNet Online Holdings ( CNET), down 8.7%, Deltathree ( DDDC), down 7.0% and Web.com Group ( WWWW), down 5.7%.
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Yandex N.V., an Internet and technology company, operates an Internet search engine in Russia and internationally. Yandex has a market cap of $6.8 billion and is part of the technology sector. The company has a P/E ratio of 35.8, above the S&P 500 P/E ratio of 17.7. Shares are up 34.7% year to date as of the close of trading on Monday. Currently there are 7 analysts that rate Yandex a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Yandex as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's revenue growth has not been good.

On the positive front, ChinaCache International Holdings ( CCIH), down 13.5%, Friendfinder Networks ( FFN), down 11.8%, Opentable ( OPEN), down 8.8% and Autobytel ( ABTL), down 8.1% , were all gainers within the internet industry with LinkedIn ( LNKD) 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).

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