Infosys Ltd (INFY): Today's Featured Technology 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.

Infosys ( INFY) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 0.3%. By the end of trading, Infosys rose $0.78 (1.7%) to $47.60 on average volume. Throughout the day, 1,537,030 shares of Infosys exchanged hands as compared to its average daily volume of 1,796,200 shares. The stock ranged in a price between $47.16-$47.86 after having opened the day at $47.20 as compared to the previous trading day's close of $46.82. Other companies within the Technology sector that increased today were: Zhone Technologies ( ZHNE), up 63.4%, Shanda Games ( GAME), up 17.2%, TigerLogic Corporation ( TIGR), up 14.1% and The9 ( NCTY), up 12.7%.

Infosys Limited provides business consulting, technology, engineering, and outsourcing services worldwide. Infosys has a market cap of $26.5 billion and is part of the computer software & services industry. Shares are up 10.7% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Infosys a buy, 3 analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Infosys as a hold. 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 and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and disappointing return on equity.

On the negative front, Gilat Satellite Networks ( GILT), down 13.2%, Fairchild Semiconductor International ( FCS), down 10.8%, Affymetrix ( AFFX), down 9.8% and WPCS International ( WPCS), down 9.7% , were all laggards within the technology sector with Amphenol ( APH) being today's technology sector laggard.

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).

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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