Cognizant Technology Solutions Corporation (CTSH): Today's Featured Computer Software & Services Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Cognizant Technology Solutions Corporation ( CTSH) pushed the Computer Software & Services industry higher today making it today's featured computer software & services winner. The industry as a whole closed the day up 0.5%. By the end of trading, Cognizant Technology Solutions Corporation rose $1.28 (1.8%) to $72.49 on average volume. Throughout the day, 3,346,904 shares of Cognizant Technology Solutions Corporation exchanged hands as compared to its average daily volume of 4,293,000 shares. The stock ranged in a price between $71.95-$73.32 after having opened the day at $71.96 as compared to the previous trading day's close of $71.21. Other companies within the Computer Software & Services industry that increased today were: Shanda Games ( GAME), up 17.2%, TigerLogic Corporation ( TIGR), up 14.1%, The9 ( NCTY), up 12.7% and International Game Technology ( IGT), up 5.9%.

Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process outsourcing services worldwide. The company operates through four segments: Financial Services; Healthcare; Manufacturing, Retail, and Logistics; and Other. Cognizant Technology Solutions Corporation has a market cap of $21.4 billion and is part of the technology sector. Shares are down 3.9% year to date as of the close of trading on Wednesday. Currently there are 17 analysts that rate Cognizant Technology Solutions Corporation a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Cognizant Technology Solutions Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, TSR ( TSRI), down 6.2%, Daegis ( DAEG), down 5.7%, Ninetowns Internet Technology Group Company ( NINE), down 5.3% and Mitek Systems ( MITK), down 3.6% , were all laggards within the computer software & services industry with Sap ( SAP) being today's computer software & services industry laggard.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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