Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) 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 0.1%. By the end of trading, Adobe Systems fell 84 cents (-2.5%) to $32.57 on average volume. Throughout the day, 5.9 million shares of Adobe Systems exchanged hands as compared to its average daily volume of four million shares. The stock ranged in price between $32.49-$33.26 after having opened the day at $33.23 as compared to the previous trading day's close of $33.41. Other companies within the Computer Software & Services industry that declined today were:
), down 7.7%,
), down 7.5%,
), down 7.5%, and
), down 7.1%.
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Adobe Systems Incorporated operates as a diversified software company worldwide. It offers a line of software and services used by creative professionals, marketers, knowledge workers, application developers, enterprises, and consumers. Adobe Systems has a market cap of $16.4 billion and is part of the
sector. The company has a P/E ratio of 21.5, above the average computer software & services industry P/E ratio of 21.4 and above the S&P 500 P/E ratio of 17.7. Shares are up 17.9% year to date as of the close of trading on Monday. Currently there are nine analysts that rate Adobe Systems a buy, two analysts rate it a sell, and 13 rate it a hold.
TheStreet Ratings rates Adobe Systems 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, reasonable valuation levels, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
- You can view the full Adobe Systems Ratings Report.
On the positive front,
), up 12.8%,
), up 10.3%,
), up 5.6%, and
), up 5.2%, 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
) while those bearish on the computer software & services industry could consider
- Find other investment ideas from our top rated ETFs lists.
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