Adobe Systems Inc (ADBE): Today's Featured Technology Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Adobe Systems ( ADBE) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 0.4%. By the end of trading, Adobe Systems rose $0.56 (1.2%) to $48.04 on average volume. Throughout the day, 3,127,211 shares of Adobe Systems exchanged hands as compared to its average daily volume of 3,572,100 shares. The stock ranged in a price between $47.78-$48.40 after having opened the day at $48.17 as compared to the previous trading day's close of $47.48. Other companies within the Technology sector that increased today were: Jiayuan.com International Ltd ADR ( DATE), up 22.6%, Meade Instruments Corporation ( MEAD), up 14.5%, Igate Corporation ( IGTE), up 11.4% and Yahoo ( YHOO), up 10.3%.

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 $24.2 billion and is part of the computer software & services industry. Shares are up 26.0% year to date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Adobe Systems a buy, 1 analyst rates it a sell, and 6 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 largely solid financial position with reasonable debt levels by most measures, solid stock price performance 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, Deltathree ( DDDC), down 23.8%, Velti ( VELT), down 16.0%, Inteliquent ( IQNT), down 12.5% and SemiLEDs ( LEDS), down 8.8% , were all laggards within the technology sector with Corning ( GLW) being today's technology sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

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