3 Computer Software & Services Stocks On The Rise
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.
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 123 points (-0.7%) at 17,854 as of Tuesday, March 17, 2015, 1:00 PM ET. The NYSE advances/declines ratio sits at 1,105 issues advancing vs. 1,894 declining with 134 unchanged.
The Computer Software & Services industry currently sits down 0.2% versus the S&P 500, which is down 0.4%. A company within the industry that fell today was
(
), up 1.2%.
TheStreet would like to highlight 3 stocks pushing the industry higher today:
3.
(
) is one of the companies pushing the Computer Software & Services industry higher today. As of noon trading, Veeva Systems is up $2.79 (11.2%) to $27.72 on heavy volume. Thus far, 2.1 million shares of Veeva Systems exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $25.69-$28.00 after having opened the day at $25.90 as compared to the previous trading day's close of $24.93.
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Veeva Systems Inc. provides industry-specific cloud-based software solutions for the life sciences industry in North America, Europe, the Asia Pacific, and Latin America. Veeva Systems has a market cap of $1.5 billion and is part of the technology sector. Shares are down 5.6% year-to-date as of the close of trading on Monday. Currently there are 7 analysts who rate Veeva Systems a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Veeva Systems
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, premium valuation and weak operating cash flow. Get the full
now.
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2. As of noon trading,
(
) is up $1.00 (1.3%) to $79.65 on average volume. Thus far, 696,363 shares of ServiceNow exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $78.90-$79.99 after having opened the day at $79.17 as compared to the previous trading day's close of $78.65.
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ServiceNow, Inc. provides cloud-based solutions that define, structure, manage, and automate services to enterprise operations in North America, Europe, the Middle East, Africa, the Asia Pacific, and other countries. ServiceNow has a market cap of $11.6 billion and is part of the technology sector. Shares are up 15.9% year-to-date as of the close of trading on Monday. Currently there are 15 analysts who rate ServiceNow a buy, no analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates
ServiceNow
as a
. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally high debt management risk and feeble growth in its earnings per share. Get the full
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
1. As of noon trading,
(
) is up $0.79 (1.0%) to $79.12 on heavy volume. Thus far, 1.9 million shares of Adobe Systems exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $78.18-$79.51 after having opened the day at $78.22 as compared to the previous trading day's close of $78.33.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
Adobe Systems Incorporated operates as a diversified software company worldwide. It operates in three segments: Digital Media, Digital Marketing, and Print and Publishing. Adobe Systems has a market cap of $38.9 billion and is part of the technology sector. Shares are up 7.7% year-to-date as of the close of trading on Monday. Currently there are 8 analysts who rate Adobe Systems a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
Adobe Systems
as a
. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
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
(
) while those bearish on the computer software & services industry could consider
ProShares Ultra Short Technology
(
).
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