3 Computer Software & Services Stocks Dragging The Industry Down

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One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 24 points (0.1%) at 16,720 as of Tuesday, May 13, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,382 issues advancing vs. 1,595 declining with 161 unchanged.

The Computer Software & Services industry currently sits down 0.9% versus the S&P 500, which is unchanged.

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

3. Splunk ( SPLK) is one of the companies pushing the Computer Software & Services industry lower today. As of noon trading, Splunk is down $2.87 (-6.0%) to $45.36 on average volume. Thus far, 2.1 million shares of Splunk exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $44.74-$48.50 after having opened the day at $48.23 as compared to the previous trading day's close of $48.23.

Splunk, Inc. provides software solutions that provide real-time operational intelligence in the United States and internationally. Splunk has a market cap of $5.5 billion and is part of the technology sector. Shares are down 29.8% 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. 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.

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