5 Stocks Dragging The Computer Software & Services Industry Downward

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 126 points (-0.8%) at 15,723 as of Friday, Jan. 31, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,087 issues advancing vs. 1,837 declining with 186 unchanged.

The Computer Software & Services industry currently sits down 0.4% versus the S&P 500, which is down 0.5%. On the negative front, top decliners within the industry include NetSuite ( N), down 7.8%, National Instruments Corporation ( NATI), down 6.0%, Nielsen Holdings ( NLSN), down 1.5%, Sap ( SAP), down 1.4% and Intuit ( INTU), down 1.2%.

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

5. Symantec ( SYMC) is one of the companies pushing the Computer Software & Services industry lower today. As of noon trading, Symantec is down $0.49 (-2.2%) to $21.89 on average volume. Thus far, 5.3 million shares of Symantec exchanged hands as compared to its average daily volume of 7.2 million shares. The stock has ranged in price between $21.87-$22.19 after having opened the day at $22.06 as compared to the previous trading day's close of $22.38.

Symantec Corporation and its subsidiaries provide security, backup, and availability solutions worldwide. Its products and services protect people and information in any digital environment from mobile devices, enterprise data centers, and cloud-based systems. Symantec has a market cap of $16.8 billion and is part of the technology sector. The company has a P/E ratio of 21.0, above the S&P 500 P/E ratio of 17.7. Shares are down 5.1% year-to-date as of the close of trading on Thursday. Currently there are 9 analysts that rate Symantec a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Symantec as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, reasonable valuation levels, good cash flow from operations, increase in stock price during the past year and growth in earnings per share. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Symantec Ratings Report now.

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