Splunk Inc (SPLK): Today's Featured Computer Software & Services Winner

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.

Splunk ( SPLK) pushed the Computer Software & Services industry higher today making it today's featured computer software & services winner. The industry as a whole closed the day up 0.7%. By the end of trading, Splunk rose $1.07 (1.6%) to $65.84 on average volume. Throughout the day, 3,856,615 shares of Splunk exchanged hands as compared to its average daily volume of 2,888,400 shares. The stock ranged in a price between $64.62-$67.56 after having opened the day at $65.53 as compared to the previous trading day's close of $64.77. Other companies within the Computer Software & Services industry that increased today were: Castlight Health Inc Class B ( CSLT), up 7.0%, CollabRx ( CLRX), up 6.8%, Smith Micro Software ( SMSI), up 6.5% and Proofpoint ( PFPT), up 5.8%.

Splunk, Inc. provides software solutions that provide real-time operational intelligence in the United States and internationally. Splunk has a market cap of $7.6 billion and is part of the technology sector. Shares are down 5.7% year to date as of the close of trading on Wednesday. Currently there are 15 analysts that rate Splunk a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Splunk 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 negative front, UBIC ( UBIC), down 9.1%, Intellicheck Mobilisa ( IDN), down 6.3%, TigerLogic Corporation ( TIGR), down 5.4% and Amber Road ( AMBR), down 4.7% , were all laggards within the computer software & services industry with Sap ( SAP) being today's computer software & services industry laggard.

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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