Qihoo 360 Technology Co. Ltd. (QIHU): 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.

Qihoo 360 Technology ( QIHU) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 0.4%. By the end of trading, Qihoo 360 Technology fell $2.31 (-2.6%) to $87.86 on average volume. Throughout the day, 2,629,795 shares of Qihoo 360 Technology exchanged hands as compared to its average daily volume of 2,681,100 shares. The stock ranged in price between $86.79-$90.60 after having opened the day at $90.52 as compared to the previous trading day's close of $90.17. Other companies within the Technology sector that declined today were: Crossroads Systems ( CRDS), down 19.5%, DragonWave ( DRWI), down 12.0%, iGo ( IGOI), down 8.0% and Dot Hill Systems Corporation ( HILL), down 6.4%.

Qihoo 360 Technology Co. Ltd. provides Internet and mobile security products in the People's Republic of China. Qihoo 360 Technology has a market cap of $11.2 billion and is part of the internet industry. Shares are up 206.0% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate Qihoo 360 Technology a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Qihoo 360 Technology 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, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, Zhone Technologies ( ZHNE), up 14.7%, Dynasil Corporation of America ( DYSL), up 14.3%, Oclaro ( OCLR), up 13.0% and FAB Universal ( FU), up 12.1% , were all gainers within the technology sector with Corning ( GLW) 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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