ServiceNow Inc (NOW): Today's Featured Technology 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 Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 2.1%. By the end of trading, ServiceNow fell $0.47 (-1.1%) to $41.59 on light volume. Throughout the day, 689,295 shares of ServiceNow exchanged hands as compared to its average daily volume of 1,546,900 shares. The stock ranged in price between $41.35-$42.16 after having opened the day at $42.16 as compared to the previous trading day's close of $42.06. Other companies within the Technology sector that declined today were: RELM Wireless Corporation ( RWC), down 23.8%, OCZ Technology Group ( OCZ), down 16.2%, InfoSonics Corporation ( IFON), down 12.2% and Selectica ( SLTC), down 11.9%.

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 $5.7 billion and is part of the computer software & services industry. Shares are up 40.1% year to date as of the close of trading on Monday. 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.

On the positive front, Voltari ( VLTC), up 1511.3%, CSR ( CSRE), up 177.4%, NQ Mobile ( NQ), up 22.7% and China Finance Online ( JRJC), up 21.2% , were all gainers within the technology sector with Taiwan Semiconductor Manufacturing ( TSM) being today's featured technology sector leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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