3 Computer Software & Services Stocks Dragging The Industry Down

TheStreet highlights 3 stocks pushing the computer software & services industry lower today.
By TheStreet Wire ,

All three major indices are trading up today with the

Dow Jones Industrial Average

(

^DJI

) trading up 104 points (0.6%) at 17,836 as of Friday, Nov. 20, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,952 issues advancing vs. 981 declining with 162 unchanged.

The Computer Software & Services industry currently sits up 0.6% versus the S&P 500, which is up 0.6%. A company within the industry that fell today was

SAP SE

(

SAP

), up 0.5%. Top gainers within the industry include

Intuit

(

INTU

), up 4.7%,

Citrix Systems

(

CTXS

), up 2.8%,

Wipro

(

WIT

), up 1.2% and

Automatic Data Processing

(

ADP

), up 1.0%.

TheStreet would like to highlight 3 stocks pushing the industry lower today:

3.

Cadence Design Systems

(

CDNS

) is one of the companies pushing the Computer Software & Services industry lower today. As of noon trading, Cadence Design Systems is down $1.33 (-5.8%) to $21.80 on heavy volume. Thus far, 4.6 million shares of Cadence Design Systems exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $21.34-$22.16 after having opened the day at $22.15 as compared to the previous trading day's close of $23.13.

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Cadence Design Systems, Inc. Cadence Design Systems has a market cap of $6.8 billion and is part of the technology sector. Shares are up 21.9% year-to-date as of the close of trading on Thursday. Currently there are 6 analysts that rate Cadence Design Systems a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates

Cadence Design 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, notable return on equity, reasonable valuation levels and solid stock price performance. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full

Cadence Design Systems Ratings Report

now.

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2. As of noon trading,

Autodesk

(

ADSK

) is down $2.46 (-3.9%) to $59.93 on heavy volume. Thus far, 5.5 million shares of Autodesk exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $58.55-$60.88 after having opened the day at $60.55 as compared to the previous trading day's close of $62.39.

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Autodesk, Inc. operates as a design software and services company worldwide. Autodesk has a market cap of $13.9 billion and is part of the technology sector. Shares are up 3.9% year-to-date as of the close of trading on Thursday. Currently there are 8 analysts that rate Autodesk a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates

Autodesk

as a

hold

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. Get the full

Autodesk Ratings Report

now.

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1. As of noon trading,

Microsoft

(

MSFT

) is down $0.32 (-0.6%) to $53.62 on average volume. Thus far, 15.9 million shares of Microsoft exchanged hands as compared to its average daily volume of 37.5 million shares. The stock has ranged in price between $53.26-$54.30 after having opened the day at $54.25 as compared to the previous trading day's close of $53.94.

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Microsoft Corporation, a technology company, develops, licenses, and supports software products, services, and devices worldwide. Microsoft has a market cap of $430.1 billion and is part of the technology sector. Shares are up 16.1% year-to-date as of the close of trading on Thursday. Currently there are 14 analysts that rate Microsoft a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates

Microsoft

as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, reasonable valuation levels, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full

Microsoft Ratings Report

now.

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If you are interested in one of these 3 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

).

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