3 Stocks Underperforming Today In The Computer Software & Services Industry

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 28 points (-0.2%) at 17,094 as of Thursday, Aug. 28, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,204 issues advancing vs. 1,745 declining with 194 unchanged.

The Computer Software & Services industry currently sits down 0.3% versus the S&P 500, which is down 0.1%.

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

3. Workday ( WDAY) is one of the companies pushing the Computer Software & Services industry lower today. As of noon trading, Workday is down $1.98 (-2.2%) to $88.32 on heavy volume. Thus far, 2.1 million shares of Workday exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $87.04-$90.45 after having opened the day at $88.46 as compared to the previous trading day's close of $90.30.

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 $8.6 billion and is part of the technology sector. Shares are up 8.6% year-to-date as of the close of trading on Wednesday. Currently there are 11 analysts that rate Workday a buy, no analysts rate it a sell, and 11 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.

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

2. As of noon trading, Cognizant Technology Solutions ( CTSH) is down $0.88 (-1.9%) to $45.25 on average volume. Thus far, 3.4 million shares of Cognizant Technology Solutions exchanged hands as compared to its average daily volume of 4.5 million shares. The stock has ranged in price between $45.08-$45.69 after having opened the day at $45.54 as compared to the previous trading day's close of $46.13.

Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process services worldwide. The company operates in four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. Cognizant Technology Solutions has a market cap of $27.8 billion and is part of the technology sector. Shares are down 8.6% year-to-date as of the close of trading on Wednesday. Currently there are 11 analysts that rate Cognizant Technology Solutions a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Cognizant Technology Solutions as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Cognizant Technology Solutions 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.

1. As of noon trading, Salesforce.com ( CRM) is down $0.57 (-0.9%) to $59.01 on average volume. Thus far, 2.9 million shares of Salesforce.com exchanged hands as compared to its average daily volume of 5.0 million shares. The stock has ranged in price between $57.80-$59.03 after having opened the day at $58.16 as compared to the previous trading day's close of $59.58.

salesforce.com, inc. provides enterprise cloud computing solutions to various businesses and industries worldwide. Salesforce.com has a market cap of $36.6 billion and is part of the technology sector. Shares are up 8.0% year-to-date as of the close of trading on Wednesday. Currently there are 24 analysts that rate Salesforce.com a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Salesforce.com as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and generally higher debt management risk. Get the full Salesforce.com 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.

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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