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 Adobe Systems (
ADBE) pushed the Computer Software & Services industry higher today making it today's featured computer software & services winner. The industry as a whole closed the day up 1.3%. By the end of trading, Adobe Systems rose $0.98 (2.2%) to $45.69 on average volume. Throughout the day, 2,733,938 shares of Adobe Systems exchanged hands as compared to its average daily volume of 3,530,200 shares. The stock ranged in a price between $44.63-$45.88 after having opened the day at $44.65 as compared to the previous trading day's close of $44.71. Other companies within the Computer Software & Services industry that increased today were:
Kingtone Wirelessinfo Solution (
KONE), up 33.3%,
China Information Technology (
CNIT), up 10.8%,
Synchronoss Technologies (
SNCR), up 10.3% and
Chyron Corporation (
CHYR), up 9.8%.
- EXCLUSIVE OFFER: Jim Cramer's Protege, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
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 $22.6 billion and is part of the technology sector. The company has a P/E ratio of 31.3, above the S&P 500 P/E ratio of 17.7. Shares are up 18.7% year to date as of the close of trading on Wednesday. Currently there are 9 analysts that rate Adobe Systems a buy, 1 analyst rates it a sell, and 11 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 solid stock price performance, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
On the negative front,
ANSYS (
ANSS), down 7.5%,
Glu Mobile (
GLUU), down 6.6%,
Ebix (
EBIX), down 5.3% and
TigerLogic Corporation (
TIGR), down 5.3% , were all laggards within the computer software & services industry with
Catamaran (
CTRX) being today's computer software & services industry laggard.
For investors not wanting singular stock exposure, 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).
Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.
