Adobe Systems Inc (ADBE): 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.

Adobe Systems ( ADBE) 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 down 1.2%. By the end of trading, Adobe Systems fell $0.65 (-1.1%) to $58.46 on average volume. Throughout the day, 3,533,679 shares of Adobe Systems exchanged hands as compared to its average daily volume of 3,700,800 shares. The stock ranged in price between $58.17-$59.18 after having opened the day at $58.61 as compared to the previous trading day's close of $59.11. Other companies within the Computer Software & Services industry that declined today were: China Information Technology ( CNIT), down 10.5%, CommVault Systems ( CVLT), down 8.8%, Streamline Health Solutions ( STRM), down 6.4% and Gigamon ( GIMO), down 6.4%.

Adobe Systems Incorporated operates as a diversified software company worldwide. The company operates in three segments: Digital Media, Digital Marketing, and Print and Publishing. Adobe Systems has a market cap of $29.0 billion and is part of the technology sector. The company has a P/E ratio of 104.2, above the S&P 500 P/E ratio of 17.7. Shares are down 1.3% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Adobe Systems a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Adobe Systems as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share.

On the positive front, Vringo ( VRNG), up 20.6%, BroadSoft ( BSFT), up 6.7%, UBIC Inc ADR ( UBIC), up 5.1% and Vicon Industries ( VII), up 4.7% , were all gainers within the computer software & services industry with Symantec ( SYMC) 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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