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Splunk Inc (SPLK): Today's Featured Computer Software & Services 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.

Splunk ( SPLK) pushed the Computer Software & Services industry lower today making it today's featured Computer Software & Services laggard. The industry as a whole closed the day down 1.7%. By the end of trading, Splunk fell $2.99 (-5.5%) to $51.75 on average volume. Throughout the day, 2,569,591 shares of Splunk exchanged hands as compared to its average daily volume of 3,088,800 shares. The stock ranged in price between $51.71-$55.51 after having opened the day at $55.51 as compared to the previous trading day's close of $54.74. Other companies within the Computer Software & Services industry that declined today were: Interactive Intelligence Group ( ININ), down 19.2%, AthenaHealth ( ATHN), down 13.9%, ChannelAdvisor ( ECOM), down 12.9% and Varonis Systems ( VRNS), down 12.9%.

Splunk, Inc. provides software solutions that provide real-time operational intelligence in the United States and internationally. Splunk has a market cap of $6.5 billion and is part of the technology sector. Shares are down 20.3% year to date as of the close of trading on Monday. Currently there are 14 analysts that rate Splunk a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Splunk as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income and feeble growth in its earnings per share.

On the positive front, Qualys ( QLYS), up 9.4%, TeleCommunication Systems ( TSYS), up 5.1%, 3D Systems ( DDD), up 5.0% and UBIC ( UBIC), up 3.4%.

For investors not wanting singular stock exposure, 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).

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