Iron Mountain Inc (IRM): Today's Featured Computer Software & Services Laggard
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 up 0.4%. By the end of trading, Iron Mountain fell $0.90 (-3.1%) to $28.03 on heavy volume. Throughout the day, 2,218,271 shares of Iron Mountain exchanged hands as compared to its average daily volume of 1,384,100 shares. The stock ranged in price between $28.01-$29.06 after having opened the day at $28.98 as compared to the previous trading day's close of $28.93. Other companies within the Computer Software & Services industry that declined today were:
(
), down 5.0%,
(
), down 4.6%,
(
), down 4.2% and
(
), down 4.2%.
Iron Mountain Incorporated, together with its subsidiaries, provides information management services primarily in North America, Europe, Latin America, and the Asia Pacific. Iron Mountain has a market cap of $5.4 billion and is part of the technology sector. Shares are down 8.5% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Iron Mountain a buy, no analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
Iron Mountain
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and a generally disappointing performance in the stock itself.
- You can view the full Iron Mountain Ratings Report.
On the positive front,
Sungame
(
SGMZ
), up 40.0%,
(
), up 12.3%,
(
), up 10.1% and
(
), up 9.2% , 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
iShares S&P NA Tech Software Idx
(
) while those bearish on the computer software & services industry could consider
ProShares Ultra Short Technology
(
).
- Find other investment ideas from our top rated ETFs lists.
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