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Cognizant Technology Solutions Corporation ( CTSH) 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 0.2%. By the end of trading, Cognizant Technology Solutions Corporation fell $0.57 (-1.1%) to $48.98 on light volume. Throughout the day, 2,786,982 shares of Cognizant Technology Solutions Corporation exchanged hands as compared to its average daily volume of 4,048,900 shares. The stock ranged in price between $48.81-$49.78 after having opened the day at $49.56 as compared to the previous trading day's close of $49.55. Other companies within the Computer Software & Services industry that declined today were: Kingtone Wirelessinfo Solution ( KONE), down 13.2%, Castlight Health Inc Class B ( CSLT), down 9.0%, AthenaHealth ( ATHN), down 6.9% and China Digital TV ( STV), down 5.7%.

Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process services worldwide. The company operates in four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. Cognizant Technology Solutions Corporation has a market cap of $30.1 billion and is part of the technology sector. Shares are down 1.9% year to date as of the close of trading on Thursday. Currently there are 12 analysts that rate Cognizant Technology Solutions Corporation a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Cognizant Technology Solutions Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, The9 ( NCTY), up 7.5%, BluePhoenix Solutions ( BPHX), up 6.9%, FalconStor Software ( FALC), up 6.8% and GlobalSCAPE Incorporated ( GSB), up 6.7% , 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).

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