Medidata Solutions Inc. (MDSO): Today's Featured Computer Software & Services 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.

Medidata Solutions ( MDSO) pushed the Computer Software & Services industry higher today making it today's featured computer software & services winner. The industry as a whole was unchanged today. By the end of trading, Medidata Solutions rose $2.46 (4.4%) to $58.27 on heavy volume. Throughout the day, 1,126,372 shares of Medidata Solutions exchanged hands as compared to its average daily volume of 637,400 shares. The stock ranged in a price between $55.86-$58.61 after having opened the day at $56.16 as compared to the previous trading day's close of $55.81. Other companies within the Computer Software & Services industry that increased today were: China Digital TV ( STV), up 11.2%, 2U ( TWOU), up 11.0%, Attunity ( ATTU), up 11.0% and Amber Road ( AMBR), up 8.4%.

Medidata Solutions, Inc. provides cloud-based clinical development solutions for life sciences in the United States and internationally. Medidata Solutions has a market cap of $2.9 billion and is part of the technology sector. Shares are down 10.2% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Medidata Solutions a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Medidata Solutions as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and generally higher debt management risk.

On the negative front, Benefitfocus ( BNFT), down 7.5%, Kingtone Wirelessinfo Solution ( KONE), down 7.4%, Gigamon ( GIMO), down 7.1% and Imperva ( IMPV), down 6.4% , were all laggards within the computer software & services industry with Workday ( WDAY) being today's computer software & services industry laggard.

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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