AthenaHealth Inc. (ATHN): 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.

AthenaHealth ( ATHN) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 0.4%. By the end of trading, AthenaHealth rose $2.68 (1.4%) to $201.28 on average volume. Throughout the day, 665,094 shares of AthenaHealth exchanged hands as compared to its average daily volume of 626,900 shares. The stock ranged in a price between $195.87-$202.36 after having opened the day at $201.99 as compared to the previous trading day's close of $198.60. Other companies within the Technology sector that increased today were: TigerLogic Corporation ( TIGR), up 18.7%, China BAK Battery ( CBAK), up 17.6%, Lantronix ( LTRX), up 16.7% and Altair Nanotechnologies ( ALTI), up 16.6%.

athenahealth, Inc., a business services company, provides ongoing billing, clinical-related, and other related services to medical group practices primarily in the United States. The company provides services through the athenaNet, a proprietary Internet-based practice management application. AthenaHealth has a market cap of $7.3 billion and is part of the computer software & services industry. Shares are up 45.0% year to date as of the close of trading on Monday. Currently there are 8 analysts that rate AthenaHealth a buy, 2 analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates AthenaHealth as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and premium valuation.

On the negative front, Realpage ( RP), down 22.6%, Microvision ( MVIS), down 15.2%, Lumos Networks ( LMOS), down 13.4% and Dynasil Corporation of America ( DYSL), down 12.8% , were all laggards within the technology sector with SINA Corporation ( SINA) 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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