) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 0.4%. By the end of trading, Adobe Systems rose $1.31 (3.0%) to $45.68 on average volume. Throughout the day, 5,329,157 shares of Adobe Systems exchanged hands as compared to its average daily volume of 3,680,700 shares. The stock ranged in a price between $44.90-$45.92 after having opened the day at $44.95 as compared to the previous trading day's close of $44.37. Other companies within the Technology sector that increased today were:
), up 13.6%,
), up 13.1%,
), up 12.4% and
), up 12.1%.
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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 $21.9 billion and is part of the computer software & services industry. The company has a P/E ratio of 38.6, above the S&P 500 P/E ratio of 17.7. Shares are up 15.7% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Adobe Systems a buy, 1 analyst rates it a sell, and 7 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, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Adobe Systems Ratings Report.
On the negative front,
), down 15.9%,
), down 15.4%,
), down 10.4% and
), down 9.4% , were all laggards within the technology sector with
) being today's technology sector laggard.
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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
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