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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).

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