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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 up 0.4%. By the end of trading, Qihoo 360 Technology fell $3.31 (-3.8%) to $84.38 on average volume. Throughout the day, 4,218,982 shares of Qihoo 360 Technology exchanged hands as compared to its average daily volume of 3,330,300 shares. The stock ranged in price between $82.10-$86.70 after having opened the day at $86.70 as compared to the previous trading day's close of $87.69. Other companies within the Internet industry that declined today were: Twitter ( TWTR), down 8.6%, ChinaNet Online Holdings ( CNET), down 8.4%, ChinaCache International Holdings ( CCIH), down 7.0% and GrubHub ( GRUB), down 5.6%.

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 $10.7 billion and is part of the technology sector. The company has a P/E ratio of 65.6, above the S&P 500 P/E ratio of 17.7. Shares are up 3.3% year to date as of the close of trading on Tuesday. 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, Innodata ( INOD), up 13.8%, Global Sources ( GSOL), up 11.0%, CRITEO ( CRTO), up 9.0% and Weibo Corp ADR ( WB), up 6.9% , were all gainers within the internet industry with Facebook ( FB) being today's featured internet industry leader.

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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