5 Computer Software & Services Stocks Moving The Industry Upward

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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 27 points (0.2%) at 15,548 as of Wednesday, July 31, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,364 issues advancing vs. 1,544 declining with 117 unchanged.

The Computer Software & Services industry currently sits up 0.5% versus the S&P 500, which is up 0.3%. Top gainers within the industry include Wipro ( WIT), up 1.8%, Citrix Systems ( CTXS), up 1.8% and Thomson Reuters Corporation ( TRI), up 1.1%. A company within the industry that fell today was Salesforce.com ( CRM), up 0.7%.

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

5. Synchronoss Technologies ( SNCR) is one of the companies pushing the Computer Software & Services industry higher today. As of noon trading, Synchronoss Technologies is up $4.32 (14.3%) to $34.54 on heavy volume. Thus far, 796,227 shares of Synchronoss Technologies exchanged hands as compared to its average daily volume of 247,700 shares. The stock has ranged in price between $32.55-$34.94 after having opened the day at $32.55 as compared to the previous trading day's close of $30.22.

Synchronoss Technologies, Inc. provides software-based activation and personal cloud solutions for connected devices. Synchronoss Technologies has a market cap of $1.2 billion and is part of the technology sector. Shares are up 42.7% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Synchronoss Technologies a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Synchronoss Technologies 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, 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. Get the full Synchronoss Technologies 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.

4. As of noon trading, Open Text Corporation ( OTEX) is up $3.22 (4.8%) to $70.68 on heavy volume. Thus far, 256,693 shares of Open Text Corporation exchanged hands as compared to its average daily volume of 200,200 shares. The stock has ranged in price between $68.14-$70.88 after having opened the day at $68.23 as compared to the previous trading day's close of $67.46.

OpenText Corporation provides a suite of information management software products and solutions. Open Text Corporation has a market cap of $4.2 billion and is part of the technology sector. Shares are up 20.7% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Open Text Corporation a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Open Text Corporation 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, 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. Get the full Open Text Corporation 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, Fortinet ( FTNT) is up $1.03 (5.1%) to $21.20 on heavy volume. Thus far, 4.6 million shares of Fortinet exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $20.95-$21.68 after having opened the day at $21.30 as compared to the previous trading day's close of $20.17.

Fortinet, Inc. provides network security solutions worldwide. Fortinet has a market cap of $3.3 billion and is part of the technology sector. Shares are down 3.1% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Fortinet a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Fortinet as a hold. 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 and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and disappointing return on equity. Get the full Fortinet 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, Symantec ( SYMC) is up $1.95 (8.0%) to $26.30 on heavy volume. Thus far, 9.6 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 $25.60-$26.71 after having opened the day at $25.61 as compared to the previous trading day's close of $24.35.

Symantec Corporation, together with its subsidiaries, provides various security, backup, and availability solutions worldwide. Its products and services protect people and information in any digital environment from mobile devices, enterprise data centers, and cloud-based systems. Symantec has a market cap of $16.8 billion and is part of the technology sector. Shares are up 29.4% year to date as of the close of trading on Tuesday. Currently there are 10 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 solid stock price performance, revenue growth, 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.

1. As of noon trading, Cognizant Technology Solutions Corporation ( CTSH) is up $0.50 (0.7%) to $72.86 on light volume. Thus far, 833,070 shares of Cognizant Technology Solutions Corporation exchanged hands as compared to its average daily volume of 3.6 million shares. The stock has ranged in price between $72.63-$73.51 after having opened the day at $72.83 as compared to the previous trading day's close of $72.37.

Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process outsourcing services worldwide. The company operates through four segments: Financial Services; Healthcare; Manufacturing, Retail, and Logistics; and Other. Cognizant Technology Solutions Corporation has a market cap of $21.9 billion and is part of the technology sector. Shares are down 1.8% year to date as of the close of trading on Tuesday. Currently there are 16 analysts that rate Cognizant Technology Solutions Corporation a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Cognizant Technology Solutions Corporation 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, reasonable valuation levels, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Cognizant Technology Solutions Corporation 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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