Splunk Inc (SPLK): Today's Featured Computer Software & Services Winner

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.

Splunk ( SPLK) pushed the Computer Software & Services industry higher today making it today's featured computer software & services winner. The industry as a whole closed the day down 0.9%. By the end of trading, Splunk rose $6.29 (12.9%) to $55.21 on heavy volume. Throughout the day, 4,897,300 shares of Splunk exchanged hands as compared to its average daily volume of 1,152,500 shares. The stock ranged in a price between $52.52-$55.83 after having opened the day at $53.70 as compared to the previous trading day's close of $48.92. Other companies within the Computer Software & Services industry that increased today were: Salesforce.com ( CRM), up 12.6%, China Information Technology ( CNIT), up 8.3%, UBIC Inc ADR ( UBIC), up 4.7% and BOS Better Online Solutions ( BOSC), up 4.6%.

Splunk, Inc. provides software solutions that provide real-time operational intelligence. Splunk has a market cap of $5.0 billion and is part of the technology sector. Shares are up 65.8% year to date as of the close of trading on Thursday. Currently there are 10 analysts that rate Splunk a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Splunk as a sell. The area that we feel has been the company's primary weakness has been its deteriorating net income.

On the negative front, China Mobile Games and Entertainment Group ( CMGE), down 22.5%, Bridgeline Digital ( BLIN), down 8.3%, Webmedia Brands ( WEBM), down 7.4% and Mediabistro ( MBIS), down 7.4% , were all laggards within the computer software & services industry with Activision Blizzard ( ATVI) being today's computer software & services industry laggard.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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