Qihoo 360 Technology Co. Ltd. (QIHU): Today's Featured Internet 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.

Qihoo 360 Technology ( QIHU) pushed the Internet industry lower today making it today's featured Internet laggard. The industry as a whole closed the day down 1.9%. By the end of trading, Qihoo 360 Technology fell $5.28 (-5.9%) to $84.06 on heavy volume. Throughout the day, 6,926,778 shares of Qihoo 360 Technology exchanged hands as compared to its average daily volume of 3,400,000 shares. The stock ranged in price between $82.52-$90.95 after having opened the day at $87.94 as compared to the previous trading day's close of $89.34. Other companies within the Internet industry that declined today were: China Finance Online ( JRJC), down 11.1%, ChinaCache International Holdings ( CCIH), down 9.6%, Bitauto Holdings ( BITA), down 9.5% and Autohome Inc ADR ( ATHM), down 8.8%.

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 $11.4 billion and is part of the technology sector. Shares are up 8.9% year to date as of the close of trading on Friday. Currently there are 9 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, growth in earnings per share and compelling growth in net income. However, as a counter to these strengths, we find that the stock itself is trading at a premium valuation.

On the positive front, Vocus ( VOCS), up 47.1%, SMTP ( SMTP), up 2.9%, Tucows ( TCX), up 2.7% and Digital River ( DRIV), up 2.1%.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the internet industry could consider First Trust Dow Jones Internet Idx ( FDN) while those bearish on the internet 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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