3 Stocks Dragging In The Computer Software & Services Industry

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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 128 points (-0.8%) at 16,374 as of Friday, April 25, 2014, 1:00 PM ET. The NYSE advances/declines ratio sits at 926 issues advancing vs. 2,054 declining with 148 unchanged.

The Computer Software & Services industry currently sits down 1.7% versus the S&P 500, which is down 0.7%. On the negative front, top decliners within the industry include CommVault Systems ( CVLT), down 29.0%, Cerner ( CERN), down 4.7%, Salesforce.com ( CRM), down 2.9%, VMWare ( VMW), down 2.2% and Check Point Software Technologies ( CHKP), down 2.0%.

TheStreet would like to highlight 3 stocks pushing the industry lower today:

3. Workday ( WDAY) is one of the companies pushing the Computer Software & Services industry lower today. As of noon trading, Workday is down $4.68 (-6.5%) to $67.91 on heavy volume. Thus far, 2.3 million shares of Workday exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $67.59-$71.77 after having opened the day at $71.67 as compared to the previous trading day's close of $72.59.

Workday, Inc. provides enterprise cloud applications for global human resources and finance 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 $7.3 billion and is part of the technology sector. Shares are down 12.7% year-to-date as of the close of trading on Thursday. Currently there are 11 analysts that rate Workday a buy, no analysts rate it a sell, and 13 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. Get the full Workday Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

2. As of noon trading, Splunk ( SPLK) is down $3.39 (-5.7%) to $55.84 on average volume. Thus far, 1.9 million shares of Splunk exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $55.81-$59.19 after having opened the day at $58.88 as compared to the previous trading day's close of $59.23.

Splunk, Inc. provides software solutions that provide real-time operational intelligence in the United States and internationally. Splunk has a market cap of $7.2 billion and is part of the technology sector. Shares are down 13.8% year-to-date as of the close of trading on Thursday. 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. Get the full Splunk Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

1. As of noon trading, Adobe Systems ( ADBE) is down $0.98 (-1.6%) to $62.24 on average volume. Thus far, 2.2 million shares of Adobe Systems exchanged hands as compared to its average daily volume of 4.3 million shares. The stock has ranged in price between $61.83-$63.03 after having opened the day at $62.92 as compared to the previous trading day's close of $63.22.

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 $32.0 billion and is part of the technology sector. Shares are up 5.6% year-to-date as of the close of trading on Thursday. Currently there are 13 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. Get the full Adobe Systems Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

If you are interested in one of these 3 stocks, 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).

null

More from Markets

Video: There Are Some Big Changes Coming to the PGA Championships in 2019

Video: There Are Some Big Changes Coming to the PGA Championships in 2019

Video: One-on-One With Pluralsight's CEO Following Its Successful IPO

Video: One-on-One With Pluralsight's CEO Following Its Successful IPO

CBS-Viacom Battle Comes to a Head; FDA Approves Novartis Migraine Drug --ICMYI

CBS-Viacom Battle Comes to a Head; FDA Approves Novartis Migraine Drug --ICMYI

Listen: Here's What You Need To Know About ETFs Today (Hint: They're on Fire!)

Listen: Here's What You Need To Know About ETFs Today (Hint: They're on Fire!)

Cramer and His Team Stick to Their Disciplines -- Even When It's Disappointing

Cramer and His Team Stick to Their Disciplines -- Even When It's Disappointing