5 Stocks Pushing The Technology Sector Higher

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

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 1 points (-0.0%) at 13,971 as of Friday, Feb. 15, 2013, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,429 issues advancing vs. 1,408 declining with 163 unchanged.

The Technology sector currently is unchanged today versus the S&P 500, which is unchanged. Top gainers within the sector include Qlik Technologies ( QLIK), up 18.7%, TIBCO Software ( TIBX), up 4.5%, Rogers Communications ( RCI), up 4.2%, Garmin ( GRMN), up 1.9% and Intuit ( INTU), up 1.8%. On the negative front, top decliners within the sector include LogMeIn ( LOGM), down 28.2%, Agilent Technologies ( A), down 3.8%, Research in Motion ( BBRY), down 3.4%, Tim Holding Company ( TSU), down 3.0% and ASML ( ASML), down 2.8%.

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

5. Citrix Systems ( CTXS) is one of the companies pushing the Technology sector higher today. As of noon trading, Citrix Systems is up $0.66 (0.9%) to $72.67 on average volume Thus far, 1.0 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 $71.82-$73.37 after having opened the day at $71.95 as compared to the previous trading day's close of $72.01.

Citrix Systems, Inc. designs, develops, and markets technology solutions to deliver IT services on-demand worldwide. Citrix Systems has a market cap of $13.5 billion and is part of the computer software & services industry. The company has a P/E ratio of 25.2, above the S&P 500 P/E ratio of 17.7. Shares are up 10.3% year to date as of the close of trading on Thursday. Currently there are 20 analysts that rate Citrix Systems a buy, no analysts rate it a sell, and 7 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 robust revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Citrix Systems Ratings Report now.

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