3 Stocks Driving The Computer Software & Services Industry Higher
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 163 points (-0.9%) at 17,539 as of Thursday, Nov. 12, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 691 issues advancing vs. 2,260 declining with 136 unchanged.
The Computer Software & Services industry currently sits up 0.1% versus the S&P 500, which is down 0.7%. Top gainers within the industry include
(
), up 5.4%,
(
), up 5.0%,
(
), up 2.4%,
(
), up 2.1% and
(
), up 0.7%. A company within the industry that fell today was
International Business Machines
(
), up 0.9%.
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, Citrix Systems is up $1.04 (1.3%) to $81.93 on light volume. Thus far, 599,064 shares of Citrix Systems exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $80.37-$82.12 after having opened the day at $81.15 as compared to the previous trading day's close of $80.89.
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Citrix Systems, Inc. provides virtualization, mobility management, networking, and Software as a Service solutions worldwide. Citrix Systems has a market cap of $12.5 billion and is part of the technology sector. Shares are up 26.8% year-to-date as of the close of trading on Wednesday. Currently there are 12 analysts who rate Citrix Systems a buy, 1 analyst rates it a sell, and 9 rate it a hold.
TheStreet Ratings rates
Citrix Systems
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income, good cash flow from operations and growth in earnings per share. 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
now.
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2. As of noon trading,
(
) is up $1.01 (1.4%) to $72.31 on average volume. Thus far, 1.2 million shares of Electronic Arts exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $70.54-$72.70 after having opened the day at $71.36 as compared to the previous trading day's close of $71.30.
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Electronic Arts Inc. develops, markets, publishes, and distributes game software content and online services for video game consoles, Internet-connected consoles, personal computers, mobile phones, and tablets worldwide. The company operates through EA Studios, EA Mobile, and Maxis divisions. Electronic Arts has a market cap of $22.1 billion and is part of the technology sector. Shares are up 51.6% year-to-date as of the close of trading on Wednesday. Currently there are 12 analysts who rate Electronic Arts a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
Electronic Arts
as a
. 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, notable return on equity and expanding profit margins. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full
Electronic Arts Ratings Report
now.
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1. As of noon trading,
(
) is up $0.42 (0.5%) to $79.13 on light volume. Thus far, 1.4 million shares of Salesforce.com exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $78.23-$79.75 after having opened the day at $78.51 as compared to the previous trading day's close of $78.71.
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salesforce.com, inc. provides enterprise cloud computing solutions, with a focus on customer relationship management to various businesses and industries worldwide. Salesforce.com has a market cap of $51.6 billion and is part of the technology sector. Shares are up 32.7% year-to-date as of the close of trading on Wednesday. Currently there are 27 analysts who rate Salesforce.com a buy, 1 analyst rates it a sell, and 3 rate it a hold.
TheStreet Ratings rates
Salesforce.com
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, compelling growth in net income, good cash flow from operations and expanding profit margins. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. 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
(
).