ServiceNow Inc (NOW): 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.

ServiceNow ( NOW) 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 0.5%. By the end of trading, ServiceNow rose $0.66 (1.3%) to $52.23 on heavy volume. Throughout the day, 3,777,871 shares of ServiceNow exchanged hands as compared to its average daily volume of 1,587,300 shares. The stock ranged in a price between $51.26-$52.26 after having opened the day at $51.63 as compared to the previous trading day's close of $51.57. Other companies within the Computer Software & Services industry that increased today were: Textura ( TXTR), up 12.3%, Authentidate Holding Corporation ( ADAT), up 9.0%, Smith Micro Software ( SMSI), up 7.6% and Bsquare Corporation ( BSQR), up 7.3%.

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 $6.7 billion and is part of the technology sector. Shares are up 64.3% 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.

On the negative front, Sungame ( SGMZ), down 42.9%, FAB Universal ( FU), down 17.6%, Liquid Holdings Group ( LIQD), down 8.2% and TigerLogic Corporation ( TIGR), down 7.8% , were all laggards within the computer software & services industry with Sap ( SAP) 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.

If you liked this article you might like

Cloud Software Is Booming -- Just Ask Workday and Salesforce

Cloud Software Is Booming -- Just Ask Workday and Salesforce

ServiceNow Is NOW Poised for a Breakout

Cramer: How Picking Stocks Is Like Fantasy Football