ServiceNow Inc (NOW): 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.

ServiceNow ( NOW) 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 down 0.4%. By the end of trading, ServiceNow rose $1.04 (2.0%) to $52.22 on average volume. Throughout the day, 2,522,323 shares of ServiceNow exchanged hands as compared to its average daily volume of 2,448,000 shares. The stock ranged in a price between $49.82-$52.24 after having opened the day at $50.56 as compared to the previous trading day's close of $51.18. Other companies within the Computer Software & Services industry that increased today were: Wave Systems ( WAVX), up 17.6%, China Mobile Games and Entertainment Group ( CMGE), up 16.3%, Mitek Systems ( MITK), up 13.4% and Edgewater Technology ( EDGW), up 5.8%.

ServiceNow, Inc. provides cloud-based services to automate enterprise IT operations primarily in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. ServiceNow has a market cap of $7.3 billion and is part of the technology sector. Shares are down 8.6% year to date as of the close of trading on Friday. Currently there are 13 analysts that rate ServiceNow a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates ServiceNow as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally high debt management risk and feeble growth in its earnings per share.

On the negative front, BroadSoft ( BSFT), down 19.4%, SciQuest ( SQI), down 8.3%, Castlight Health Inc Class B ( CSLT), down 7.7% and Jive Software ( JIVE), down 7.1% , were all laggards within the computer software & services industry with Activision Blizzard ( ATVI) 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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