5 Computer Software & Services Stocks Pushing Industry Growth

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 41 points (-0.3%) at 15,444 as of Tuesday, July 16, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 951 issues advancing vs. 1,969 declining with 95 unchanged.

The Computer Software & Services industry currently sits down 0.2% versus the S&P 500, which is down 0.4%. A company within the industry that increased today was Konami Corporation ( KNM), up 5.3%. On the negative front, top decliners within the industry include Gartner ( IT), down 2.2%, Splunk ( SPLK), down 2.0%, Computer Sciences Corporation ( CSC), down 1.7%, NetSuite ( N), down 1.8% and IHS ( IHS), down 1.4%.

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

5. Bally Technologies ( BYI) is one of the companies pushing the Computer Software & Services industry higher today. As of noon trading, Bally Technologies is up $4.50 (7.4%) to $65.41 on heavy volume. Thus far, 2.3 million shares of Bally Technologies exchanged hands as compared to its average daily volume of 547,700 shares. The stock has ranged in price between $64.44-$66.15 after having opened the day at $64.82 as compared to the previous trading day's close of $60.91.

Bally Technologies, Inc., a gaming company, engages in the design, manufacture, operation, and distribution of technology-based gaming devices, systems, server-based solutions, custom mobile applications, and interactive applications. Bally Technologies has a market cap of $2.3 billion and is part of the services sector. Shares are up 33.8% year to date as of the close of trading on Monday. Currently there are 9 analysts that rate Bally Technologies a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Bally Technologies as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Bally Technologies Ratings Report now.

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4. As of noon trading, Rackspace Hosting ( RAX) is up $1.67 (4.1%) to $42.36 on average volume. Thus far, 1.2 million shares of Rackspace Hosting exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $40.65-$42.37 after having opened the day at $40.73 as compared to the previous trading day's close of $40.69.

Rackspace Hosting, Inc., through its subsidiaries, provides cloud computing services, managing Web-based IT systems for small and medium-sized businesses, and large enterprises worldwide. Rackspace Hosting has a market cap of $5.6 billion and is part of the technology sector. Shares are down 45.2% year to date as of the close of trading on Monday. Currently there are 6 analysts that rate Rackspace Hosting a buy, 2 analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Rackspace Hosting as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. 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 Rackspace Hosting Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

3. As of noon trading, Sap ( SAP) is up $0.48 (0.6%) to $75.55 on average volume. Thus far, 632,733 shares of Sap exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $75.17-$75.70 after having opened the day at $75.51 as compared to the previous trading day's close of $75.07.

SAP AG provides enterprise application software and software-related services worldwide. It offers products in applications, analytics, cloud, mobile, and database and technology categories. Sap has a market cap of $89.6 billion and is part of the technology sector. Shares are down 6.5% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate Sap a buy, 3 analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Sap as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, solid stock price performance, reasonable valuation levels and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Sap Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

2. As of noon trading, VMware ( VMW) is up $1.32 (1.9%) to $72.33 on average volume. Thus far, 981,016 shares of VMware exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $70.82-$72.42 after having opened the day at $70.90 as compared to the previous trading day's close of $71.01.

VMware, Inc. provides virtualization infrastructure solutions in the United States and internationally. VMware has a market cap of $9.0 billion and is part of the technology sector. Shares are down 24.6% year to date as of the close of trading on Monday. Currently there are 13 analysts that rate VMware a buy, 2 analysts rate it a sell, and 17 rate it a hold.

TheStreet Ratings rates VMware as a hold. 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 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, deteriorating net income and disappointing return on equity. Get the full VMware Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

1. As of noon trading, Symantec ( SYMC) is up $0.25 (1.1%) to $24.17 on average volume. Thus far, 3.4 million shares of Symantec exchanged hands as compared to its average daily volume of 8.8 million shares. The stock has ranged in price between $23.87-$24.22 after having opened the day at $23.98 as compared to the previous trading day's close of $23.92.

Symantec Corporation provides security, storage, and systems management solutions to various organization and consumers worldwide. It operates in four segments: Consumer, Security and Compliance, Storage and Server Management, and Services. Symantec has a market cap of $16.6 billion and is part of the technology sector. Shares are up 26.6% year to date as of the close of trading on Monday. Currently there are 11 analysts that rate Symantec a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Symantec as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, reasonable valuation levels, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Symantec Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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).
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