Adobe Systems Inc (ADBE): Today's Featured Technology 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 Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day down 0.6%. By the end of trading, Adobe Systems fell $1.35 (-2.0%) to $67.14 on heavy volume. Throughout the day, 5,312,577 shares of Adobe Systems exchanged hands as compared to its average daily volume of 3,538,600 shares. The stock ranged in price between $66.91-$69.06 after having opened the day at $69.06 as compared to the previous trading day's close of $68.49. Other companies within the Technology sector that declined today were: Dataram Corporation ( DRAM), down 16.5%, Geospace Technologies ( GEOS), down 15.1%, Autobytel ( ABTL), down 14.1% and Symantec ( SYMC), down 12.9%.

Adobe Systems Incorporated operates as a diversified software company worldwide. It operates in three segments: Digital Media, Digital Marketing, and Print and Publishing. Adobe Systems has a market cap of $33.8 billion and is part of the computer software & services industry. Shares are up 14.4% year to date as of the close of trading on Thursday. Currently there are 11 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 weak operating cash flow.

On the positive front, Unwired Planet ( UPIP), up 49.2%, NII Holdings ( NIHD), up 19.3%, CommScope ( COMM), up 10.1% and GigaMedia ( GIGM), up 9.6% , were all gainers within the technology sector with TE Connectivity ( TEL) being today's featured technology sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector 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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