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

Qihoo 360 Technology ( QIHU) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 0.4%. By the end of trading, Qihoo 360 Technology rose $2.18 (2.5%) to $91.26 on average volume. Throughout the day, 3,253,085 shares of Qihoo 360 Technology exchanged hands as compared to its average daily volume of 2,780,800 shares. The stock ranged in a price between $87.35-$91.89 after having opened the day at $89.14 as compared to the previous trading day's close of $89.08. Other companies within the Technology sector that increased today were: Netlist ( NLST), up 49.2%, eOn Communications Corporation ( EONC), up 14.1%, Sungy Mobile Ltd ADR ( GOMO), up 13.6% and Hickory Tech ( HTCO), up 13.2%.

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 $10.6 billion and is part of the internet industry. The company has a P/E ratio of 106.9, above the S&P 500 P/E ratio of 17.7. Shares are up 8.6% year to date as of the close of trading on Wednesday. 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 hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's profit margins have been poor overall.

On the negative front, Control4 ( CTRL), down 9.6%, Tandem Diabetes Care ( TNDM), down 9.6%, Tessera Technologies ( TSRA), down 8.4% and Internet Gold Golden Lines ( IGLD), down 8.2% , were all laggards within the technology sector with Avago Technologies ( AVGO) 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).

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