3 Stocks Underperforming Today In The Computer Software & Services Industry

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 54 points (-0.3%) at 17,085 as of Thursday, July 17, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 855 issues advancing vs. 2,057 declining with 204 unchanged.

The Computer Software & Services industry currently sits down 0.5% versus the S&P 500, which is down 0.5%. A company within the industry that increased today was SAP SE ( SAP), up 0.7%.

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

3. Wipro ( WIT) is one of the companies pushing the Computer Software & Services industry lower today. As of noon trading, Wipro is down $0.21 (-1.7%) to $11.94 on light volume. Thus far, 255,278 shares of Wipro exchanged hands as compared to its average daily volume of 694,400 shares. The stock has ranged in price between $11.88-$12.13 after having opened the day at $12.12 as compared to the previous trading day's close of $12.15.

Wipro Limited provides information technology (IT) products and services worldwide. It operates in two segments, IT Services and IT Products. Wipro has a market cap of $29.8 billion and is part of the technology sector. Shares are down 3.5% year-to-date as of the close of trading on Wednesday. Currently there are no analysts that rate Wipro a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Wipro 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, impressive record of earnings per share growth, increase in net income and reasonable valuation levels. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Wipro Ratings Report now.

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