NetSuite Inc. (N): Today's Featured Technology 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.

NetSuite ( N) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 1.3%. By the end of trading, NetSuite fell $1.74 (-1.7%) to $98.75 on average volume. Throughout the day, 288,177 shares of NetSuite exchanged hands as compared to its average daily volume of 311,600 shares. The stock ranged in price between $98.30-$100.50 after having opened the day at $100.00 as compared to the previous trading day's close of $100.49. Other companies within the Technology sector that declined today were: Oclaro ( OCLR), down 13.3%, Glowpoint ( GLOW), down 11.5%, Guidewire Software ( GWRE), down 7.3% and Nexxus Lighting ( NEXS), down 5.8%.

NetSuite Inc. provides cloud-based financials/enterprise resource planning (ERP) software suites in the United States and internationally. NetSuite has a market cap of $7.4 billion and is part of the computer software & services industry. Shares are up 49.3% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate NetSuite a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates NetSuite as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and generally higher debt management risk.

On the positive front, LiveDeal ( LIVE), up 22.6%, Hanwha SolarOne ( HSOL), up 16.4%, JA Solar Holdings Co. ADR ( JASO), up 15.9% and Amtech Systems ( ASYS), up 15.6% , were all gainers within the technology sector with Cisco Systems ( CSCO) 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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