Today's Stocks Driving Success For 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.

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 3 points (0.0%) at 16,578 as of Thursday, May 1, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,778 issues advancing vs. 1,187 declining with 180 unchanged.

The Computer Software & Services industry currently sits up 1.2% versus the S&P 500, which is up 0.1%. Top gainers within the industry include Catamaran ( CTRX), up 11.5%, Gartner ( IT), up 6.1%, ServiceNow ( NOW), up 4.7%, Splunk ( SPLK), up 4.1% and Salesforce.com ( CRM), up 3.3%.

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

3. Adobe Systems ( ADBE) is one of the companies pushing the Computer Software & Services industry higher today. As of noon trading, Adobe Systems is up $1.23 (2.0%) to $62.92 on light volume. Thus far, 1.4 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 $61.31-$63.10 after having opened the day at $61.69 as compared to the previous trading day's close of $61.69.

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 $30.3 billion and is part of the technology sector. The company has a P/E ratio of 134.3, above the S&P 500 P/E ratio of 17.7. Shares are up 1.7% year-to-date as of the close of trading on Wednesday. Currently there are 13 analysts who 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.

3x UPSIDE POTENTIAL: 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, 3D Systems ( DDD) is up $3.33 (7.0%) to $50.67 on average volume. Thus far, 3.8 million shares of 3D Systems exchanged hands as compared to its average daily volume of 5.9 million shares. The stock has ranged in price between $47.89-$51.06 after having opened the day at $47.91 as compared to the previous trading day's close of $47.34.

3D Systems Corporation, through its subsidiaries, operates as a provider of 3D printing centric design-to-manufacturing solutions in the United States, Germany, the Asia-Pacific, and other European countries. 3D Systems has a market cap of $4.6 billion and is part of the technology sector. The company has a P/E ratio of 140.0, above the S&P 500 P/E ratio of 17.7. Shares are down 51.8% year-to-date as of the close of trading on Wednesday. Currently there are 8 analysts who rate 3D Systems a buy, 2 analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates 3D Systems as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, premium valuation and weak operating cash flow. Get the full 3D Systems Ratings Report now.

3x UPSIDE POTENTIAL: 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, Qihoo 360 Technology ( QIHU) is up $4.53 (5.4%) to $88.91 on average volume. Thus far, 2.1 million shares of Qihoo 360 Technology exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $84.43-$89.70 after having opened the day at $84.43 as compared to the previous trading day's close of $84.38.

Qihoo 360 Technology Co. Ltd. provides Internet and mobile security products in the People's Republic of China. Qihoo 360 Technology has a market cap of $11.0 billion and is part of the technology sector. The company has a P/E ratio of 65.6, above the S&P 500 P/E ratio of 17.7. Shares are up 2.8% year-to-date as of the close of trading on Wednesday. Currently there are 9 analysts who rate Qihoo 360 Technology a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Qihoo 360 Technology as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share and compelling growth in net income. However, as a counter to these strengths, we find that the stock itself is trading at a premium valuation. Get the full Qihoo 360 Technology Ratings Report now.

3x UPSIDE POTENTIAL: 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).

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