Splunk Inc (SPLK): 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.

Splunk ( SPLK) 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 1.1%. By the end of trading, Splunk fell $2.63 (-4.2%) to $59.90 on heavy volume. Throughout the day, 3,079,229 shares of Splunk exchanged hands as compared to its average daily volume of 1,296,600 shares. The stock ranged in price between $59.68-$62.99 after having opened the day at $62.95 as compared to the previous trading day's close of $62.53. Other companies within the Computer Software & Services industry that declined today were: FAB Universal ( FU), down 26.4%, Bazaarvoice ( BV), down 17.0%, Helios and Matheson Analytics ( HMNY), down 6.3% and Sapiens International Corporation ( SPNS), down 6.1%.

Splunk, Inc. provides software solutions that provide real-time operational intelligence. Splunk has a market cap of $6.7 billion and is part of the technology sector. Shares are up 116.8% year to date as of the close of trading on Wednesday. Currently there are 9 analysts that rate Splunk a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Splunk as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income and feeble growth in its earnings per share.

On the positive front, CounterPath Corporation ( CPAH), up 15.8%, Bridgeline Digital ( BLIN), up 12.5%, BOS Better Online Solutions ( BOSC), up 10.3% and Textura ( TXTR), up 9.6% , were all gainers within the computer software & services industry with VMware ( VMW) 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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