) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 1.1%. By the end of trading, Sap fell $2.77 (-3.7%) to $72.83 on heavy volume. Throughout the day, 2,321,954 shares of Sap exchanged hands as compared to its average daily volume of 1,438,600 shares. The stock ranged in price between $72.42-$73.40 after having opened the day at $73.36 as compared to the previous trading day's close of $75.60. Other companies within the Technology sector that declined today were:
), down 27.8%,
), down 24.4%,
), down 18.9% and
), down 18.1%.
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SAP AG provides enterprise application software and software-related services worldwide. It offers products in applications, analytics, cloud, mobile, and database and technology categories. Sap has a market cap of $89.1 billion and is part of the computer software & services industry. The company has a P/E ratio of 20.5, above the S&P 500 P/E ratio of 17.7. Shares are down 6.0% year to date as of the close of trading on Thursday. Currently there are 5 analysts that rate Sap a buy, 3 analysts rate it a sell, and 11 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, reasonable valuation levels, increase in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
- You can view the full Sap Ratings Report.
On the positive front,
), up 903.9%,
), up 53.1%,
), up 22.2% and
), up 22.2% , were all gainers within the technology sector with
) being today's featured technology sector leader.
- Use our technology section to find sector-relevant news.
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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
- Find other investment ideas from our top rated ETFs lists.