Iron Mountain Inc (IRM): Today's Featured Computer Software & Services 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.

Iron Mountain ( IRM) pushed the Computer Software & Services industry lower today making it today's featured Computer Software & Services laggard. The industry as a whole closed the day up 0.4%. By the end of trading, Iron Mountain fell $0.90 (-3.1%) to $28.03 on heavy volume. Throughout the day, 2,218,271 shares of Iron Mountain exchanged hands as compared to its average daily volume of 1,384,100 shares. The stock ranged in price between $28.01-$29.06 after having opened the day at $28.98 as compared to the previous trading day's close of $28.93. Other companies within the Computer Software & Services industry that declined today were: Konami Corporation ( KNM), down 5.0%, Mattersight ( MATR), down 4.6%, Merge Healthcare ( MRGE), down 4.2% and Cvent ( CVT), down 4.2%.

Iron Mountain Incorporated, together with its subsidiaries, provides information management services primarily in North America, Europe, Latin America, and the Asia Pacific. Iron Mountain has a market cap of $5.4 billion and is part of the technology sector. Shares are down 8.5% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Iron Mountain a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Iron Mountain as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and a generally disappointing performance in the stock itself.

On the positive front, Sungame ( SGMZ), up 40.0%, ChannelAdvisor ( ECOM), up 12.3%, China Information Technology ( CNIT), up 10.1% and Glu Mobile ( GLUU), up 9.2% , were all gainers within the computer software & services industry with F5 Networks ( FFIV) being today's featured computer software & services industry leader.

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).

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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