3 Stocks Pushing The Computer Software & Services Industry Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average (^DJI) trading down 10 points (-0.1%) at 13,082 as of Monday, Nov. 5, 2012, 1:34 PM ET. The NYSE advances/declines ratio sits at 1,351 issues advancing vs. 1,574 declining with 129 unchanged.

The Computer Software & Services industry currently sits up 0.4% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the industry include Ebix (EBIX), down 22.5%, Thomson Reuters Corporation (TRI), down 1.9%, Red Hat (RHT), down 1.4%, Wipro (WIT), down 0.8% and Catamaran (CTRX), down 1.2%.

TheStreet Ratings group would like to highlight 3 stocks pushing the industry higher today:

3. VeriSign (VRSN) is one of the companies pushing the Computer Software & Services industry higher today. As of noon trading, VeriSign is up $0.33 (0.8%) to $40.00 on light volume Thus far, 1.6 million shares of VeriSign exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $39.01-$40.47 after having opened the day at $39.75 as compared to the previous trading day's close of $39.67.

VeriSign, Inc. provides Internet infrastructure services to various networks worldwide. It offers registry services that operate the authoritative directory of .com, .net, .cc, .tv, and .name domain names, as well as the back-end systems for various for all .gov, .jobs, and .edu domain names. VeriSign has a market cap of $6.4 billion and is part of the technology sector. The company has a P/E ratio of 26.4, above the S&P 500 P/E ratio of 17.7. Shares are up 15.2% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate VeriSign a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates VeriSign as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, increase in net income, revenue growth and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full VeriSign Ratings Report now.

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