Workday Inc (WDAY): 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.

Workday ( WDAY) 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 0.2%. By the end of trading, Workday fell $1.90 (-1.9%) to $100.15 on average volume. Throughout the day, 1,275,451 shares of Workday exchanged hands as compared to its average daily volume of 1,490,700 shares. The stock ranged in price between $100.03-$102.65 after having opened the day at $102.20 as compared to the previous trading day's close of $102.05. Other companies within the Computer Software & Services industry that declined today were: China Mobile Games and Entertainment Group ( CMGE), down 8.1%, Benefitfocus ( BNFT), down 6.8%, FireEye ( FEYE), down 6.0% and Unwired Planet ( UPIP), down 5.8%.

Workday, Inc. provides enterprise cloud-based applications for enterprises in the United States and internationally. It offers applications for customers to manage critical business functions that enable them to optimize their financial and human capital resources. Workday has a market cap of $8.2 billion and is part of the technology sector. Shares are up 22.7% year to date as of the close of trading on Wednesday. Currently there are 11 analysts that rate Workday a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Workday as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income and feeble growth in its earnings per share.

On the positive front, Gigamon ( GIMO), up 5.6%, MiX Telematics Ltd ADR ( MIXT), up 4.7%, UBIC ( UBIC), up 3.9% and Boingo Wireless ( WIFI), up 3.8% , were all gainers within the computer software & services industry with VMware ( VMW) 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).

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