ServiceNow Inc (NOW): Today's Featured Computer Software & Services Laggard

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.

ServiceNow ( NOW) 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 0.4%. By the end of trading, ServiceNow fell $0.78 (-1.7%) to $45.62 on heavy volume. Throughout the day, 3,892,627 shares of ServiceNow exchanged hands as compared to its average daily volume of 1,482,900 shares. The stock ranged in price between $45.19-$46.00 after having opened the day at $45.60 as compared to the previous trading day's close of $46.40. Other companies within the Computer Software & Services industry that declined today were: SciQuest ( SQI), down 16.4%, AVG Technologies ( AVG), down 9.8%, Guidance Software ( GUID), down 9.4% and Velti ( VELT), down 9.0%.

ServiceNow, Inc. provides cloud-based services to automate enterprise information technology (IT) operations worldwide. Its services include a suite of applications built on its proprietary platform that automates workflow and integrates related business processes. ServiceNow has a market cap of $5.9 billion and is part of the technology sector. Shares are up 45.1% year to date as of the close of trading on Thursday. Currently there are 6 analysts that rate ServiceNow a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates ServiceNow as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income and weak operating cash flow.

On the positive front, Kingtone Wirelessinfo Solution ( KONE), up 62.1%, Active Network ( ACTV), up 24.3%, NIC ( EGOV), up 19.1% and ServiceSource International ( SREV), up 19.1% , were all gainers within the computer software & services industry with Sap ( SAP) 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).

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