Iron Mountain Inc (IRM): Today's Featured Computer Software & Services Laggard

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

Iron Mountain ( IRM) pushed the Computer Software & Services industry lower today making it today's featured Computer Software & Services laggard. The industry as a whole closed the day up 1.0%. By the end of trading, Iron Mountain fell $5.45 (-15.8%) to $28.95 on heavy volume. Throughout the day, 16,594,085 shares of Iron Mountain exchanged hands as compared to its average daily volume of 998,900 shares. The stock ranged in price between $27.72-$29.35 after having opened the day at $28.22 as compared to the previous trading day's close of $34.40. Other companies within the Computer Software & Services industry that declined today were: Intelligent Systems ( INS), down 9.8%, Webmedia Brands ( WEBM), down 7.7%, Helios and Matheson Analytics ( HMNY), down 7.2% and Cimatron ( CIMT), down 5.7%.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, 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

Iron Mountain Incorporated, together with its subsidiaries, provides information management services primarily in North America, Europe, Latin America, and the Asia Pacific. Iron Mountain has a market cap of $6.5 billion and is part of the technology sector. The company has a P/E ratio of 59.5, above the S&P 500 P/E ratio of 17.7. Shares are up 10.8% year to date as of the close of trading on Thursday. Currently there are 5 analysts that rate Iron Mountain a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Iron Mountain as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, 21Vianet Group ( VNET), down 10.8%, The9 ( NCTY), down 10.3%, China Information Technology ( CNIT), down 10.3% and ServiceNow ( NOW), down 6.6% , were all gainers within the computer software & services industry with Oracle Corporation ( ORCL) being today's featured computer software & services industry leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you liked this article you might like

These Stocks Are Ready to Reverse Course

Here's Why Pepsi and Coca-Cola Are Two of the Hottest Stories Wednesday Morning

Big Fund Managers Offer Up Stock Pick Ideas

AT&T, Iron Mountain are High-Yield Stocks to Consider Buying Today

S&P Dow Jones Indices Launching New Real Estate Sector