Yandex NV (YNDX): Today's Featured Internet Laggard

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.

Yandex ( YNDX) pushed the Internet industry lower today making it today's featured Internet laggard. The industry as a whole closed the day down 1.3%. By the end of trading, Yandex fell $0.59 (-1.8%) to $32.76 on light volume. Throughout the day, 1,563,898 shares of Yandex exchanged hands as compared to its average daily volume of 2,573,100 shares. The stock ranged in price between $31.92-$32.94 after having opened the day at $32.87 as compared to the previous trading day's close of $33.35. Other companies within the Internet industry that declined today were: Friendfinder Networks ( FFN), down 21.6%, Synacor ( SYNC), down 12.7%, Deltathree ( DDDC), down 10.5% and Zillow ( Z), down 7.7%.

Yandex N.V., an Internet and technology company, operates an Internet search engine in Russia and internationally. Yandex has a market cap of $7.8 billion and is part of the technology sector. Shares are up 54.8% year to date as of the close of trading on Tuesday. 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 robust revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good.

On the positive front, Phoenix New Media ( FENG), up 6.2%, BroadVision ( BVSN), up 5.1%, ChinaNet Online Holdings ( CNET), up 3.5% and LiveDeal ( LIVE), up 3.5% , were all gainers within the internet industry with AOL ( AOL) 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).

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

If you liked this article you might like

Ousted Uber CEO Kalanick Said to Have Been Involved in Yandex Deal

Uber Teams With Russia's Yandex for Joint Ride-Hailing Business in Eastern Europe

Yandex Stock Sliding on Ukraine Sanctions

Russia's Yandex Hikes 2017 Revenue Outlook, Weighs Dividend Payout

Google's Android Settlement With Russian Regulators Bodes Well for Its future