3 Stocks Pushing The Computer Software & Services Industry Downward

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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 14 points (-0.1%) at 15,098 as of Friday, Aug. 16, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,393 issues advancing vs. 1,555 declining with 92 unchanged.

The Computer Software & Services industry currently sits up 0.3% versus the S&P 500, which is down 0.1%.

TheStreet would like to highlight 3 stocks pushing the industry lower today:

3. CA ( CA) is one of the companies pushing the Computer Software & Services industry lower today. As of noon trading, CA is down $0.23 (-0.7%) to $30.76 on average volume. Thus far, 1.3 million shares of CA exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $30.68-$31.00 after having opened the day at $30.93 as compared to the previous trading day's close of $30.99.

CA Technologies, together with its subsidiaries, provides enterprise information technology (IT) management software and solutions that help customers manage and secure IT environments in the United States and internationally. CA has a market cap of $14.2 billion and is part of the technology sector. Shares are up 42.2% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate CA a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates CA as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth, notable return on equity, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full CA Ratings Report now.

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