5 Computer Software & Services Stocks Pushing The Industry 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

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 73 points (0.5%) at 14,495 as of Friday, March 22, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,725 issues advancing vs. 1,132 declining with 170 unchanged.

The Computer Software & Services industry currently sits down 0.2% versus the S&P 500, which is up 0.6%. A company within the industry that increased today was Sap AG ADR ( SAP), up 0.5%.

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

5. Cerner Corporation ( CERN) is one of the companies pushing the Computer Software & Services industry higher today. As of noon trading, Cerner Corporation is up $2.04 (2.2%) to $92.61 on average volume Thus far, 362,480 shares of Cerner Corporation exchanged hands as compared to its average daily volume of 858,000 shares. The stock has ranged in price between $90.47-$93.05 after having opened the day at $90.74 as compared to the previous trading day's close of $90.57.

Cerner Corporation designs, develops, markets, installs, hosts, and supports healthcare information technology, healthcare devices, hardware, and content solutions for healthcare organizations and consumers worldwide. Cerner Corporation has a market cap of $15.7 billion and is part of the technology sector. The company has a P/E ratio of 40.4, above the S&P 500 P/E ratio of 17.7. Shares are up 16.8% year to date as of the close of trading on Thursday. Currently there are 11 analysts that rate Cerner Corporation a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Cerner Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Cerner Corporation Ratings Report now.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE

4. As of noon trading, Catamaran ( CTRX) is up $0.87 (1.7%) to $52.72 on average volume Thus far, 683,677 shares of Catamaran exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $51.70-$52.74 after having opened the day at $51.91 as compared to the previous trading day's close of $51.85.

Catamaran Corporation provides pharmacy benefit management (PBM) services and healthcare information technology (HCIT) solutions to the healthcare benefits management industry in North America. The company operates in two segments: PBM and HCIT. Catamaran has a market cap of $10.7 billion and is part of the technology sector. The company has a P/E ratio of 74.6, above the S&P 500 P/E ratio of 17.7. Shares are up 10.1% year to date as of the close of trading on Thursday. Currently there are 13 analysts that rate Catamaran a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Catamaran 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, compelling growth in net income, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Catamaran Ratings Report now.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE

3. As of noon trading, Activision Blizzard ( ATVI) is up $0.28 (2.0%) to $14.34 on average volume Thus far, 4.7 million shares of Activision Blizzard exchanged hands as compared to its average daily volume of 9.0 million shares. The stock has ranged in price between $14.07-$14.39 after having opened the day at $14.14 as compared to the previous trading day's close of $14.06.

Activision Blizzard, Inc. publishes online, personal computer (PC), console, handheld, and mobile interactive entertainment products worldwide. It operates in three segments: Activision, Blizzard, and Distribution. Activision Blizzard has a market cap of $15.8 billion and is part of the technology sector. The company has a P/E ratio of 14.1, below the S&P 500 P/E ratio of 17.7. Shares are up 32.4% year to date as of the close of trading on Thursday. Currently there are 17 analysts that rate Activision Blizzard a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Activision Blizzard 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, attractive valuation levels, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Activision Blizzard Ratings Report now.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE

2. As of noon trading, Adobe Systems ( ADBE) is up $0.75 (1.8%) to $42.93 on heavy volume Thus far, 2.9 million shares of Adobe Systems exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $42.11-$43.04 after having opened the day at $42.17 as compared to the previous trading day's close of $42.18.

Adobe Systems Incorporated operates as a diversified software company worldwide. It offers a line of software and services used by creative professionals, marketers, knowledge workers, application developers, enterprises, and consumers. Adobe Systems has a market cap of $21.3 billion and is part of the technology sector. The company has a P/E ratio of 29.5, above the S&P 500 P/E ratio of 17.7. Shares are up 11.9% year to date as of the close of trading on Thursday. Currently there are 8 analysts that rate Adobe Systems a buy, 1 analyst rates it a sell, and 13 rate it a hold.

TheStreet Ratings rates Adobe 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, reasonable valuation levels, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Adobe Systems Ratings Report now.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE

1. As of noon trading, Salesforce.com ( CRM) is up $2.87 (1.7%) to $175.60 on average volume Thus far, 1.0 million shares of Salesforce.com exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $173.05-$175.98 after having opened the day at $175.40 as compared to the previous trading day's close of $172.73.

salesforce.com, inc provides cloud computing and social enterprise solutions to various businesses and industries worldwide. The company delivers customer relationship management applications through Internet or cloud. Salesforce.com has a market cap of $25.3 billion and is part of the technology sector. Shares are up 2.8% year to date as of the close of trading on Thursday. Currently there are 27 analysts that rate Salesforce.com a buy, 2 analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Salesforce.com as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share. Get the full Salesforce.com Ratings Report now.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE

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.
null

If you liked this article you might like

Ollie's Bargain Outlet, Blackstone Group: 'Mad Money' Lightning Round

Ollie's Bargain Outlet, Blackstone Group: 'Mad Money' Lightning Round

Can You Recognize Growth?: Cramer's 'Mad Money' Recap (Tuesday 10/31/2017)

Can You Recognize Growth?: Cramer's 'Mad Money' Recap (Tuesday 10/31/2017)

Cerner Has a Bullish Setup Just Waiting for You

Cerner Has a Bullish Setup Just Waiting for You

Cognizant Technology, Advanced Micro Devices: 'Mad Money' Lightning Round

Cognizant Technology, Advanced Micro Devices: 'Mad Money' Lightning Round

Play Defense, Play the Dollar: Cramer's 'Mad Money' Recap (Tuesday 8/29/17)

Play Defense, Play the Dollar: Cramer's 'Mad Money' Recap (Tuesday 8/29/17)