Opentable Inc. (OPEN): Today's Featured Technology Laggard

Opentable ( OPEN) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 0.7%. By the end of trading, Opentable fell $0.92 (-1.4%) to $66.99 on heavy volume. Throughout the day, 1,229,780 shares of Opentable exchanged hands as compared to its average daily volume of 587,300 shares. The stock ranged in price between $65.28-$67.10 after having opened the day at $65.93 as compared to the previous trading day's close of $67.91. Other companies within the Technology sector that declined today were: Friendfinder Networks ( FFN), down 9.7%, TSR ( TSRI), down 8.0%, Oi ( OIBR), down 7.0% and Adtran ( ADTN), down 6.9%.

OpenTable, Inc. provides restaurant reservation solutions primarily in the United States, Canada, Germany, Japan, Mexico, and the United Kingdom. It offers solutions that form an online network connecting reservation-taking restaurants and people who dine at those restaurants. Opentable has a market cap of $1.5 billion and is part of the internet industry. Shares are up 35.1% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Opentable a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Opentable as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front, Neonode ( NEON), up 23.9%, Pulse Electronics ( PULS), up 21.7%, UBIC Inc ADR ( UBIC), up 15.2% and Aehr Test Systems ( AEHR), up 14.5% , were all gainers within the technology sector with Western Digital Corporation ( WDC) 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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