Splunk Inc (SPLK): 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.

Splunk ( SPLK) 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 0.3%. By the end of trading, Splunk rose $1.06 (1.6%) to $68.05 on light volume. Throughout the day, 970,543 shares of Splunk exchanged hands as compared to its average daily volume of 1,344,300 shares. The stock ranged in a price between $66.75-$68.64 after having opened the day at $66.97 as compared to the previous trading day's close of $66.99. Other companies within the Computer Software & Services industry that increased today were: China Information Technology ( CNIT), up 9.7%, Benefitfocus ( BNFT), up 8.2%, Smith Micro Software ( SMSI), up 6.6% and Daegis ( DAEG), up 5.9%.

Splunk, Inc. provides software solutions that provide real-time operational intelligence. Splunk has a market cap of $7.2 billion and is part of the technology sector. Shares are up 135.8% year to date as of the close of trading on Wednesday. Currently there are 10 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, disappointing return on equity and feeble growth in its earnings per share.

On the negative front, CounterPath Corporation ( CPAH), down 9.0%, Velti ( VELT), down 6.5%, Rally Software Development ( RALY), down 6.3% and Progress Software ( PRGS), down 6.2% , were all laggards within the computer software & services industry with F5 Networks ( FFIV) 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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