3 Computer Software & Services Stocks Dragging The Industry Down

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 14 points (0.1%) at 14,951 as of Friday, Sept. 6, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,968 issues advancing vs. 907 declining with 132 unchanged.

The Computer Software & Services industry currently sits up 0.2% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the industry include Konami Corporation ( KNM), down 2.9%, and Catamaran ( CTRX), down 0.9%. Top gainers within the industry include Splunk ( SPLK), up 2.1%, Rackspace Hosting ( RAX), up 1.9%, Nuance Communications ( NUAN), up 1.5%, Infosys ( INFY), up 0.9% and Sap ( SAP), up 0.7%.

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

3. ServiceNow ( NOW) is one of the companies pushing the Computer Software & Services industry lower today. As of noon trading, ServiceNow is down $1.01 (-2.1%) to $46.59 on average volume. Thus far, 825,403 shares of ServiceNow exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $46.59-$48.00 after having opened the day at $47.83 as compared to the previous trading day's close of $47.60.

ServiceNow, Inc. engages in the provision of cloud-based services to automate enterprise IT operations primarily in North America, Europe, the Middle East, Africa, and the Asia Pacific. ServiceNow has a market cap of $6.5 billion and is part of the technology sector. Shares are up 58.5% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate ServiceNow a buy, no analysts rate it a sell, and 4 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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