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, Adobe Systems fell $0.76 (-1.1%) to $68.01 on average volume. Throughout the day, 3,488,020 shares of Adobe Systems exchanged hands as compared to its average daily volume of 3,759,000 shares. The stock ranged in price between $67.63-$68.76 after having opened the day at $68.71 as compared to the previous trading day's close of $68.76. Other companies within the Computer Software & Services industry that declined today were:
), down 22.6%,
), down 7.1%,
), down 6.3% and
), down 6.2%.
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Adobe Systems Incorporated operates as a diversified software company worldwide. It operates in three segments: Digital Media, Digital Marketing, and Print and Publishing. Adobe Systems has a market cap of $33.9 billion and is part of the technology sector. Shares are up 14.8% year to date as of the close of trading on Monday. Currently there are 10 analysts that rate Adobe Systems a buy, no analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow.
- You can view the full Adobe Systems Ratings Report.
On the positive front,
), up 18.7%,
), up 5.2%,
), up 4.8% and
), up 4.4% , 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.
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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.