NetSuite Inc. (N): 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.
(
) 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 0.4%. By the end of trading, NetSuite fell $3.82 (-4.0%) to $91.95 on heavy volume. Throughout the day, 546,553 shares of NetSuite exchanged hands as compared to its average daily volume of 355,000 shares. The stock ranged in price between $91.20-$95.62 after having opened the day at $95.30 as compared to the previous trading day's close of $95.77. Other companies within the Computer Software & Services industry that declined today were:
(
), down 20.2%,
(
), down 19.9%,
(
), down 7.2% and
(
), down 6.9%.
NetSuite Inc. provides cloud-based financials/enterprise resource planning (ERP) software suites in the United States and internationally. NetSuite has a market cap of $7.0 billion and is part of the technology sector. Shares are up 40.4% year to date as of the close of trading on Friday. Currently there are 6 analysts that rate NetSuite a buy, no analysts rate it a sell, and 10 rate it a hold.
TheStreet Ratings rates
NetSuite
as a
. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity and feeble growth in its earnings per share.
- You can view the full NetSuite Ratings Report.
On the positive front,
(
), up 12.5%,
Kingtone Wirelessinfo Solution
(
), up 8.1%,
(
), up 7.3% and
(
), up 6.7% , were all gainers within the computer software & services industry with
(
) being today's featured computer software & services industry leader.
- Use our computer software & services section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
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
(
) while those bearish on the computer software & services industry could consider
ProShares Ultra Short Technology
(
).
- Find other investment ideas from our top rated ETFs lists.
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