Medidata Solutions Inc. (MDSO): Today's Featured Technology 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.

Medidata Solutions ( MDSO) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 1.1%. By the end of trading, Medidata Solutions fell $11.98 (-22.7%) to $40.71 on heavy volume. Throughout the day, 10,506,970 shares of Medidata Solutions exchanged hands as compared to its average daily volume of 754,000 shares. The stock ranged in price between $37.15-$43.50 after having opened the day at $43.08 as compared to the previous trading day's close of $52.69. Other companies within the Technology sector that declined today were: Edgewater Technology ( EDGW), down 13.3%, Lexmark International ( LXK), down 11.2%, UBIC ( UBIC), down 10.1% and Castlight Health Inc Class B ( CSLT), down 7.3%.

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 computer software & services industry. Shares are down 12.9% year to date as of the close of trading on Monday. 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 positive front, China BAK Battery ( CBAK), up 12.0%, SunEdison ( SUNE), up 11.9%, Crossroads Systems ( CRDS), up 11.8% and Varonis Systems ( VRNS), up 11.4% , were all gainers within the technology sector with Texas Instruments ( TXN) being today's featured technology sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector 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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