Rovi Corp (ROVI): 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.

Rovi ( ROVI) 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 0.4%. By the end of trading, Rovi fell $2.76 (-11.9%) to $20.50 on heavy volume. Throughout the day, 6,572,108 shares of Rovi exchanged hands as compared to its average daily volume of 1,275,700 shares. The stock ranged in price between $19.50-$23.42 after having opened the day at $23.22 as compared to the previous trading day's close of $23.26. Other companies within the Computer Software & Services industry that declined today were: Gigamon ( GIMO), down 33.9%, Varonis Systems ( VRNS), down 11.0%, Cornerstone OnDemand ( CSOD), down 9.8% and CounterPath Corporation ( CPAH), down 9.6%.

Rovi Corporation provides integrated solutions for the discovery and personalization of digital entertainment to service providers and consumer electronics (CE) industry worldwide. Rovi has a market cap of $2.3 billion and is part of the technology sector. Shares are up 18.1% year to date as of the close of trading on Monday. Currently there are 3 analysts that rate Rovi a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Rovi as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and weak operating cash flow.

On the positive front, Majesco Entertainment Company ( COOL), up 11.4%, Sungy Mobile Ltd ADR ( GOMO), up 9.6%, Liquid Holdings Group ( LIQD), up 7.2% and TeleCommunication Systems ( TSYS), up 7.2% , were all gainers within the computer software & services industry with VMware ( VMW) 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).

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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