Oracle Corporation (ORCL): Today's Featured Computer Software & Services Laggard - TheStreet

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

.

Oracle Corporation

(

ORCL

) 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, Oracle Corporation fell 52 cents (-1.6%) to $32.26 on heavy volume. Throughout the day, 34.9 million shares of Oracle Corporation exchanged hands as compared to its average daily volume of 20.8 million shares. The stock ranged in price between $32.19-$32.88 after having opened the day at $32.60 as compared to the previous trading day's close of $32.78. Other companies within the Computer Software & Services industry that declined today were:

IHS

(

IHS

), down 17.8%,

BOS Better Online Solutions

(

BOSC

), down 11.9%,

Kingtone Wirelessinfo Solution

(

KONE

), down 8%, and

Chyron Corporation

(

CHYR

), down 7.2%.

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Oracle Corporation develops, manufactures, markets, hosts, and supports database and middleware software, applications software, and hardware systems. Oracle Corporation has a market cap of $161.2 billion and is part of the

technology

sector. The company has a P/E ratio of 16.8, 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 up 28.7% year to date as of the close of trading on Wednesday. Currently there are 24 analysts that rate Oracle Corporation a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Oracle Corporation as a

buy

. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, notable return on equity and attractive valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front,

China Information Technology

(

CNIT

), up 14.2%,

TigerLogic Corporation

(

TIGR

), up 7%,

Unwired Planet

(

UPIP

), up 6%, and

Wave Systems Corporation

(

WAVX

), up 5.2%, were all gainers within the computer software & services industry with

Microsoft Corporation

(

MSFT

) being today's featured computer software & services industry leader.

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

(

IGV

) while those bearish on the computer software & services industry could consider

ProShares Ultra Short Technology

(

REW

).

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