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TheStreet Wire

3 Stocks Pushing The Computer Software & Services Industry Lower

By TheStreet Wire 12/17/12 - 12:04 PM EST

Find out if (ADBE) is in Cramer's Portfolio.

1. As of noon trading, Adobe Systems (ADBE) is down $0.35 (-0.9%) to $37.21 on heavy volume Thus far, 4.0 million shares of Adobe Systems exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $36.90-$37.32 after having opened the day at $37.07 as compared to the previous trading day's close of $37.56.

Adobe Systems Incorporated operates as a diversified software company worldwide. It offers a line of software and services used by creative professionals, marketers, knowledge workers, application developers, enterprises, and consumers. Adobe Systems has a market cap of $17.6 billion and is part of the technology sector. The company has a P/E ratio of 15.1, below the S&P 500 P/E ratio of 17.7. Shares are up 25.7% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate Adobe Systems a buy, 2 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Adobe Systems as a buy. 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, reasonable valuation levels, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Adobe Systems Ratings Report now.

EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass

If you are interested in one of these 5 stocks, 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).

A reminder about TheStreet Ratings group: 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.

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