5 Stocks Pushing The Technology Sector Downward

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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 44 points (-0.3%) at 15,836 as of Monday, Jan. 27, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 751 issues advancing vs. 2,176 declining with 155 unchanged.

The Technology sector currently sits down 1.4% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the sector include 3D Systems Corporation ( DDD), down 7.1%, Yandex ( YNDX), down 5.0%, Xerox Corporation ( XRX), down 3.7%, Telefonica Brasil S.A ( VIV), down 1.7% and Nippon Telegraph & Telephone ( NTT), down 1.8%.

TheStreet would like to highlight 5 stocks pushing the sector lower today:

5. Salesforce.com ( CRM) is one of the companies pushing the Technology sector lower today. As of noon trading, Salesforce.com is down $0.70 (-1.2%) to $57.70 on light volume. Thus far, 1.1 million shares of Salesforce.com exchanged hands as compared to its average daily volume of 5.0 million shares. The stock has ranged in price between $57.30-$58.67 after having opened the day at $58.51 as compared to the previous trading day's close of $58.40.

salesforce.com, inc. provides enterprise cloud computing solutions to various businesses and industries worldwide. Salesforce.com has a market cap of $36.2 billion and is part of the computer software & services industry. Shares are up 5.8% year-to-date as of the close of trading on Friday. Currently there are 22 analysts that rate Salesforce.com a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates Salesforce.com as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. Get the full Salesforce.com Ratings Report now.

STOCKS TO BUY: 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

7 Essential Rules for Investing in Tech Stocks

Adobe Is a Horse -- Jim Cramer Explains Why

Microsoft Has Been Reborn Under CEO Satya Nadella

How to Make Money on Booming Cloud Services Demand

Jim Cramer Reveals One Stock to Play the Cloud Space