5 Stocks Pushing The Computer Software & Services Industry Lower

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 up 15 points (0.1%) at 12,980 as of Tuesday, Dec. 4, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,319 issues advancing vs. 1,553 declining with 162 unchanged.

The Computer Software & Services industry currently sits down 0.6% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the industry include Syntel (SYNT), down 7.3%, Computer Sciences Corporation (CSC), down 2.3%, Red Hat (RHT), down 1.3%, Cerner Corporation (CERN), down 1.1% and Thomson Reuters Corporation (TRI), down 0.7%.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry lower today:

5. Activision Blizzard (ATVI) is one of the companies pushing the Computer Software & Services industry lower today. As of noon trading, Activision Blizzard is down $0.09 (-0.8%) to $11.22 on light volume Thus far, 2.5 million shares of Activision Blizzard exchanged hands as compared to its average daily volume of 9.3 million shares. The stock has ranged in price between $11.20-$11.37 after having opened the day at $11.34 as compared to the previous trading day's close of $11.31.

Activision Blizzard, Inc. publishes online, personal computer (PC), console, handheld, and mobile interactive entertainment worldwide. It develops and publishes PC-based computer games and maintains its proprietary online-game related service, Battle.net. Activision Blizzard has a market cap of $12.7 billion and is part of the technology sector. The company has a P/E ratio of 14.7, below the S&P 500 P/E ratio of 17.7. Shares are down 7.0% year to date as of the close of trading on Monday. Currently there are 15 analysts that rate Activision Blizzard a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Activision Blizzard as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. Get the full Activision Blizzard Ratings Report now.

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