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 1.1%. By the end of trading, Splunk fell $2.63 (-4.2%) to $59.90 on heavy volume. Throughout the day, 3,079,229 shares of Splunk exchanged hands as compared to its average daily volume of 1,296,600 shares. The stock ranged in price between $59.68-$62.99 after having opened the day at $62.95 as compared to the previous trading day's close of $62.53. Other companies within the Computer Software & Services industry that declined today were:
), down 26.4%,
), down 17.0%,
), down 6.3% and
), down 6.1%.
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Splunk, Inc. provides software solutions that provide real-time operational intelligence. Splunk has a market cap of $6.7 billion and is part of the technology sector. Shares are up 116.8% year to date as of the close of trading on Wednesday. Currently there are 9 analysts that rate Splunk a buy, 1 analyst rates it a sell, and 6 rate it a hold.
TheStreet Ratings rates
. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income and feeble growth in its earnings per share.
- You can view the full Splunk Ratings Report.
On the positive front,
), up 15.8%,
), up 12.5%,
), up 10.3% and
), up 9.6% , 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
) while those bearish on the computer software & services industry could consider
- Find other investment ideas from our top rated ETFs lists.