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 up 0.2%. By the end of trading, ServiceNow rose $2.58 (4.9%) to $55.42 on heavy volume. Throughout the day, 2,571,309 shares of ServiceNow exchanged hands as compared to its average daily volume of 1,503,800 shares. The stock ranged in a price between $52.84-$55.82 after having opened the day at $53.25 as compared to the previous trading day's close of $52.84. Other companies within the Computer Software & Services industry that increased today were: Splunk ( SPLK), up 22.8%, Luxoft Holding Inc Class A ( LXFT), up 8.2%, Daegis ( DAEG), up 8.1% and Descartes Systems Group ( DSGX), up 7.8%.

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 $7.1 billion and is part of the technology sector. Shares are up 76.0% year to date as of the close of trading on Thursday. Currently there are 9 analysts that rate ServiceNow a buy, no analysts rate it a sell, and 2 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, GRAVITY ( GRVY), down 10.6%, Boingo Wireless ( WIFI), down 7.8%, Textura ( TXTR), down 7.6% and Rally Software Development ( RALY), down 6.0% , were all laggards within the computer software & services industry with Intuit ( INTU) 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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