4 Stocks Dragging The Computer Software & Services Industry Downward

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 57 points (-0.4%) at 15,601 as of Monday, Aug. 5, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,233 issues advancing vs. 1,686 declining with 120 unchanged.

The Computer Software & Services industry currently sits up 0.3% versus the S&P 500, which is down 0.2%.

TheStreet would like to highlight 4 stocks pushing the industry lower today:

4. ServiceNow ( NOW) is one of the companies pushing the Computer Software & Services industry lower today. As of noon trading, ServiceNow is down $1.32 (-2.9%) to $44.30 on light volume. Thus far, 511,981 shares of ServiceNow exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $44.07-$45.36 after having opened the day at $45.36 as compared to the previous trading day's close of $45.62.

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 $6.2 billion and is part of the technology sector. Shares are up 51.9% year to date as of the close of trading on Friday. 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. Among the areas we feel are negative, one of the most important has been generally deteriorating net income. Get the full ServiceNow Ratings Report now.

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