5 Stocks Pushing The Computer Software & Services Industry Higher

TheStreet Ratings group would like to highlight 5 stocks pushing the computer software & services industry higher today, Nov. 14, 2012.

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

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 47 points (-0.4%) at 12,708 as of Wednesday, Nov. 14, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 733 issues advancing vs. 2,191 declining with 116 unchanged.

The Computer Software & Services industry currently sits down 0.5% versus the S&P 500, which is down 0.3%. A company within the industry that increased today was Qlik Technologies ( QLIK), up 3.8%. On the negative front, top decliners within the industry include International Game Technology ( IGT), down 2.7%, Konami Corporation ( KNM), down 2.4%, Amdocs ( DOX), down 1.5%, Wipro ( WIT), down 0.8% and Thomson Reuters Corporation ( TRI), down 0.7%.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry higher today:

5. Fortinet ( FTNT) is one of the companies pushing the Computer Software & Services industry higher today. As of noon trading, Fortinet is up $0.50 (2.8%) to $18.31 on average volume Thus far, 1.2 million shares of Fortinet exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $18.12-$18.46 after having opened the day at $18.13 as compared to the previous trading day's close of $17.81.

Fortinet, Inc., together with its subsidiaries, provides network security solutions to enterprises, service providers, and government entities worldwide. Fortinet has a market cap of $2.9 billion and is part of the technology sector. The company has a P/E ratio of 49.6, above the S&P 500 P/E ratio of 17.7. Shares are down 15.8% year to date as of the close of trading on Tuesday. Currently there are 14 analysts that rate Fortinet a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Fortinet as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and disappointing return on equity. Get the full Fortinet Ratings Report now.

4. As of noon trading, TIBCO Software ( TIBX) is up $0.61 (2.5%) to $24.70 on light volume Thus far, 932,180 shares of TIBCO Software exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $24.20-$25.14 after having opened the day at $24.20 as compared to the previous trading day's close of $24.09.

TIBCO Software Inc. provides middleware and infrastructure software worldwide. It offers products in the areas of service-oriented architecture (SOA) and core infrastructure; business optimization; and process automation and collaboration. TIBCO Software has a market cap of $3.9 billion and is part of the technology sector. The company has a P/E ratio of 32.9, above the S&P 500 P/E ratio of 17.7. Shares are up 0.8% year to date as of the close of trading on Tuesday. Currently there are 14 analysts that rate TIBCO Software a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates TIBCO Software as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full TIBCO Software Ratings Report now.

3. As of noon trading, Red Hat ( RHT) is up $0.75 (1.6%) to $48.16 on light volume Thus far, 497,942 shares of Red Hat exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $47.81-$48.44 after having opened the day at $47.90 as compared to the previous trading day's close of $47.41.

Red Hat, Inc. provides open source software solutions to enterprise customers worldwide. The company also offers enterprise-ready open source operating system platforms. Red Hat has a market cap of $9.2 billion and is part of the technology sector. The company has a P/E ratio of 63.4, above the S&P 500 P/E ratio of 17.7. Shares are up 15.1% year to date as of the close of trading on Tuesday. Currently there are 17 analysts that rate Red Hat a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Red Hat as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Red Hat Ratings Report now.

2. As of noon trading, Citrix Systems ( CTXS) is up $0.57 (1.0%) to $58.50 on average volume Thus far, 1.1 million shares of Citrix Systems exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $58.31-$59.61 after having opened the day at $58.64 as compared to the previous trading day's close of $57.93.

Citrix Systems, Inc. designs, develops, and markets technology solutions to deliver IT services on-demand worldwide. Citrix Systems has a market cap of $11.1 billion and is part of the technology sector. The company has a P/E ratio of 32.4, above the S&P 500 P/E ratio of 17.7. Shares are down 2.4% year to date as of the close of trading on Tuesday. Currently there are 17 analysts that rate Citrix Systems a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates Citrix Systems as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Citrix Systems Ratings Report now.

1. As of noon trading, F5 Networks ( FFIV) is up $3.62 (4.2%) to $90.16 on heavy volume Thus far, 1.5 million shares of F5 Networks exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $88.06-$90.82 after having opened the day at $88.20 as compared to the previous trading day's close of $86.54.

F5 Networks, Inc. provides application delivery networking technology that optimizes the delivery of network-based applications, and the security, performance, and availability of servers, data storage devices, and other network resources in the Americas, EMEA, Japan, and the Asia Pacific. F5 Networks has a market cap of $6.8 billion and is part of the technology sector. The company has a P/E ratio of 19.7, above the S&P 500 P/E ratio of 17.7. Shares are down 18.5% year to date as of the close of trading on Tuesday. Currently there are 15 analysts that rate F5 Networks a buy, no analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates F5 Networks as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full F5 Networks Ratings Report now.

If you are interested in one of these 5 stocks, 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).

A reminder about TheStreet Ratings group: 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.

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