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

Cognizant Technology Solutions Corporation ( CTSH) pushed the Computer Software & Services industry lower today making it today's featured Computer Software & Services laggard. The industry as a whole closed the day down 0.4%. By the end of trading, Cognizant Technology Solutions Corporation fell $1.40 (-1.5%) to $94.80 on average volume. Throughout the day, 1,548,793 shares of Cognizant Technology Solutions Corporation exchanged hands as compared to its average daily volume of 1,951,200 shares. The stock ranged in price between $94.06-$96.59 after having opened the day at $96.34 as compared to the previous trading day's close of $96.20. Other companies within the Computer Software & Services industry that declined today were: Authentidate Holding Corporation ( ADAT), down 8.2%, GRAVITY ( GRVY), down 6.9%, Avid Technology ( AVID), down 5.6% and Rally Software Development ( RALY), down 5.1%.

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 $28.4 billion and is part of the technology sector. The company has a P/E ratio of 24.1, above the S&P 500 P/E ratio of 17.7. Shares are up 30.2% year to date as of the close of trading on Friday. Currently there are 14 analysts that rate Cognizant Technology Solutions Corporation a buy, no analysts rate it a sell, and 3 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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, Sungy Mobile Ltd ADR ( GOMO), up 8.2%, SolarWinds ( SWI), up 3.8%, Rosetta Stone ( RST), up 3.8% and Ellie Mae ( ELLI), up 3.7% , were all gainers within the computer software & services industry with Thomson Reuters Corporation ( TRI) being today's featured computer software & services industry leader.

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).

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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