3 Stocks Pushing The Computer Software & Services Industry Higher
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.
Two out of the three major indices are trading lower today with the
Dow Jones Industrial Average
(
^DJI
) trading down 131 points (-0.7%) at 17,945 as of Thursday, March 19, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 912 issues advancing vs. 2,103 declining with 122 unchanged.
The Computer Software & Services industry currently sits up 0.3% versus the S&P 500, which is down 0.6%. Top gainers within the industry include
(
), up 3.0%,
(
), up 0.6% and
Cognizant Technology Solutions
(
), up 0.5%. On the negative front, top decliners within the industry include
(
), down 1.3%,
(
), down 0.9% and
(
), down 0.5%.
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, Red Hat is up $1.67 (2.5%) to $68.74 on average volume. Thus far, 696,273 shares of Red Hat exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $66.96-$68.98 after having opened the day at $67.22 as compared to the previous trading day's close of $67.07.
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Red Hat, Inc. provides open source software solutions to enterprise customers worldwide. It develops and offers operating system, virtualization, middleware, storage, and cloud technologies. Red Hat has a market cap of $12.3 billion and is part of the technology sector. Shares are down 3.0% year-to-date as of the close of trading on Wednesday. Currently there are 19 analysts who rate Red Hat a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
Red Hat
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full
now.
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2. As of noon trading,
(
) is up $0.59 (0.9%) to $62.94 on light volume. Thus far, 489,791 shares of Citrix Systems exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $62.34-$63.15 after having opened the day at $62.34 as compared to the previous trading day's close of $62.35.
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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 $9.9 billion and is part of the technology sector. Shares are down 2.3% year-to-date as of the close of trading on Wednesday. Currently there are 8 analysts who rate Citrix Systems a buy, 1 analyst rates it a sell, and 10 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, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and a generally disappointing performance in the stock itself. Get the full
now.
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1. As of noon trading,
Check Point Software Technologies
(
) is up $0.71 (0.8%) to $85.31 on average volume. Thus far, 672,410 shares of Check Point Software Technologies exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $84.40-$85.60 after having opened the day at $84.68 as compared to the previous trading day's close of $84.60.
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Check Point Software Technologies Ltd. develops, markets, and supports a range of software, combined hardware, and software products and services for information technology (IT) security worldwide. Check Point Software Technologies has a market cap of $16.0 billion and is part of the technology sector. Shares are up 7.7% year-to-date as of the close of trading on Wednesday. Currently there are 13 analysts who rate Check Point Software Technologies a buy, no analysts rate it a sell, and 8 rate it a hold.
TheStreet Ratings rates
Check Point Software Technologies
as a
. 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, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full
Check Point Software Technologies Ratings Report
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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