3 Computer Software & Services Stocks Pushing The Industry Higher

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 16 points (0.1%) at 16,738 as of Wednesday, June 4, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,399 issues advancing vs. 1,611 declining with 145 unchanged.

The Computer Software & Services industry currently sits up 0.1% versus the S&P 500, which is up 0.1%. Top gainers within the industry include NQ Mobile ( NQ), up 35.6%, Open Text ( OTEX), up 2.5% and Salesforce.com ( CRM), up 0.9%. A company within the industry that fell today was Sap ( SAP), up 1.2%.

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

3. VMWare ( VMW) is one of the companies pushing the Computer Software & Services industry higher today. As of noon trading, VMWare is up $0.81 (0.8%) to $96.81 on light volume. Thus far, 476,531 shares of VMWare exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $95.24-$97.21 after having opened the day at $95.46 as compared to the previous trading day's close of $96.00.

VMware, Inc. provides virtualization infrastructure solutions in the United States and internationally. VMWare has a market cap of $12.6 billion and is part of the technology sector. Shares are up 7.0% year-to-date as of the close of trading on Tuesday. Currently there are 18 analysts who rate VMWare a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates VMWare as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full VMWare Ratings Report now.

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2. As of noon trading, Workday ( WDAY) is up $1.28 (1.7%) to $77.07 on light volume. Thus far, 873,717 shares of Workday exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $74.32-$77.13 after having opened the day at $75.34 as compared to the previous trading day's close of $75.79.

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 $7.1 billion and is part of the technology sector. Shares are down 8.9% year-to-date as of the close of trading on Tuesday. Currently there are 10 analysts who rate Workday a buy, no analysts rate it a sell, and 12 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.

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, Adobe Systems ( ADBE) is up $0.52 (0.8%) to $64.61 on light volume. Thus far, 923,415 shares of Adobe Systems exchanged hands as compared to its average daily volume of 3.9 million shares. The stock has ranged in price between $63.62-$64.73 after having opened the day at $64.10 as compared to the previous trading day's close of $64.09.

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 $32.2 billion and is part of the technology sector. Shares are up 7.0% year-to-date as of the close of trading on Tuesday. Currently there are 12 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.

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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