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

Splunk ( SPLK) pushed the Computer Software & Services industry lower today making it today's featured Computer Software & Services laggard. The industry as a whole closed the day down 1.7%. By the end of trading, Splunk fell $2.99 (-5.5%) to $51.75 on average volume. Throughout the day, 2,569,591 shares of Splunk exchanged hands as compared to its average daily volume of 3,088,800 shares. The stock ranged in price between $51.71-$55.51 after having opened the day at $55.51 as compared to the previous trading day's close of $54.74. Other companies within the Computer Software & Services industry that declined today were: Interactive Intelligence Group ( ININ), down 19.2%, AthenaHealth ( ATHN), down 13.9%, ChannelAdvisor ( ECOM), down 12.9% and Varonis Systems ( VRNS), down 12.9%.

Splunk, Inc. provides software solutions that provide real-time operational intelligence in the United States and internationally. Splunk has a market cap of $6.5 billion and is part of the technology sector. Shares are down 20.3% year to date as of the close of trading on Monday. Currently there are 14 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 positive front, Qualys ( QLYS), up 9.4%, TeleCommunication Systems ( TSYS), up 5.1%, 3D Systems ( DDD), up 5.0% and UBIC ( UBIC), up 3.4%.

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).

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

More from Markets

Jim Cramer: 4 Stocks Could Get Throttled By a 'Knock Down Drag Out' With China

Jim Cramer: 4 Stocks Could Get Throttled By a 'Knock Down Drag Out' With China

General Electric Booted From Dow, Replaced by Walgreens

General Electric Booted From Dow, Replaced by Walgreens

Dow Plunges on Trade War Worries but Walmart and Verizon Finish Positively

Dow Plunges on Trade War Worries but Walmart and Verizon Finish Positively

Tuesday Turnaround in Politics: Is a Trade War on the Horizon?

Tuesday Turnaround in Politics: Is a Trade War on the Horizon?

FANG Stocks Get Swept Up in Broader Market Selloff

FANG Stocks Get Swept Up in Broader Market Selloff