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.

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