) pushed the Technology sector lower today making it today's featured Technology loser. The sector as a whole closed the day down 0.5%. By the end of trading, Adobe Systems Inc fell 55 cents (-2.1%) to $26.07 on average volume. Throughout the day, 8.1 million shares of Adobe Systems Inc exchanged hands as compared to its average daily volume of 7.2 million shares. The stock ranged in price between $25.94-$26.69 after having opened the day at $26.69 as compared to the previous trading day's close of $26.62. Other company's within the Technology sector that declined today were:
), down 18.1%,
), down 17.5%,
), down 15.8%, and
), down 15%.
Adobe Systems Incorporated operates as a diversified software company in the Americas, Europe, the Middle East, Africa, and Asia. Adobe Systems Inc has a market cap of $12.73 billion and is part of the
industry. The company has a P/E ratio of 14.2, equal to the average computer software & services industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 13.5% year to date as of the close of trading on Monday.
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 and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and a generally disappointing performance in the stock itself.
- You can view the full Adobe Systems Ratings Report.
On the positive front,
), up 204.5%,
), up 30.9%,
), up 16.2%, and
Helios & Matheson Information Technology In
), up 16.2%, were all gainers within the technology sector with
) being today's featured technology sector winner.
- Use our technology section to find sector-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 technology sector could consider
) while those bearish on the technology sector could consider
- Find other investment ideas from our top rated ETFs lists.