Qlik Technologies Inc. (QLIK): 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.

Qlik Technologies ( QLIK) 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 up 0.7%. By the end of trading, Qlik Technologies fell $0.44 (-1.7%) to $26.07 on average volume. Throughout the day, 1,315,815 shares of Qlik Technologies exchanged hands as compared to its average daily volume of 1,596,200 shares. The stock ranged in price between $25.70-$26.77 after having opened the day at $26.68 as compared to the previous trading day's close of $26.51. Other companies within the Computer Software & Services industry that declined today were: Callidus Software ( CALD), down 15.6%, EGain ( EGAN), down 9.3%, Tyler Technologies ( TYL), down 9.2% and Vicon Industries ( VII), down 8.6%.

Qlik Technologies Inc. engages in the development, commercialization, and implementation of software products and related services for user-driven business intelligence that enables customers to make business decisions primarily in the Americas, Europe, the Asia-Pacific region, and Africa. Qlik Technologies has a market cap of $2.3 billion and is part of the technology sector. Shares are down 0.5% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Qlik Technologies a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Qlik Technologies 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 solid stock price performance. However, as a counter to these strengths, we find that the company's return on equity has been disappointing.

On the positive front, Glu Mobile ( GLUU), up 27.6%, Synchronoss Technologies ( SNCR), up 18.3%, Eplus ( PLUS), up 9.5% and PDF Solutions ( PDFS), up 8.2% , were all gainers within the computer software & services industry with Cognizant Technology Solutions Corporation ( CTSH) 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).

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