3 Computer Software & Services Stocks Pushing Industry Growth
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.
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 78 points (0.5%) at 17,023 as of Friday, Sept. 26, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,765 issues advancing vs. 1,183 declining with 200 unchanged.
The Computer Software & Services industry currently sits up 0.6% versus the S&P 500, which is up 0.3%. Top gainers within the industry include
(
), up 12.1%,
(
), up 4.5%,
TheStreet Recommends
(
), up 3.4%,
(
), up 2.8% and
(
), up 1.9%.
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, VMWare is up $1.07 (1.1%) to $93.80 on light volume. Thus far, 596,105 shares of VMWare exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $92.25-$93.92 after having opened the day at $92.98 as compared to the previous trading day's close of $92.73.
VMware, Inc. provides virtualization infrastructure solutions in the United States and internationally. VMWare has a market cap of $12.4 billion and is part of the technology sector. Shares are up 3.4% year-to-date as of the close of trading on Thursday. Currently there are 17 analysts who rate VMWare a buy, no analysts rate it a sell, and 8 rate it a hold.
TheStreet Ratings rates
VMWare
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, increase in stock price during the past year, 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.
2. As of noon trading,
(
) is up $1.00 (1.9%) to $55.06 on light volume. Thus far, 595,056 shares of Splunk exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $54.22-$55.50 after having opened the day at $54.68 as compared to the previous trading day's close of $54.06.
Splunk, Inc. provides software solutions that provide real-time operational intelligence in the United States and internationally. Splunk has a market cap of $6.7 billion and is part of the technology sector. Shares are down 21.3% year-to-date as of the close of trading on Thursday. Currently there are 13 analysts who rate Splunk a buy, no analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
Splunk
as a
. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full
now.
1. As of noon trading,
Cognizant Technology Solutions
(
) is up $0.34 (0.8%) to $44.41 on average volume. Thus far, 2.6 million shares of Cognizant Technology Solutions exchanged hands as compared to its average daily volume of 5.1 million shares. The stock has ranged in price between $44.10-$44.54 after having opened the day at $44.11 as compared to the previous trading day's close of $44.07.
Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process services worldwide. The company operates in four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. Cognizant Technology Solutions has a market cap of $27.5 billion and is part of the technology sector. Shares are down 12.7% year-to-date as of the close of trading on Thursday. Currently there are 10 analysts who rate Cognizant Technology Solutions a buy, no analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates
Cognizant Technology Solutions
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, reasonable valuation levels, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full
Cognizant Technology Solutions Ratings Report
now.
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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