3 Stocks Pushing The Computer Software & Services Industry Downward

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One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 40 points (0.2%) at 17,108 as of Wednesday, Sept. 3, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,478 issues advancing vs. 1,497 declining with 182 unchanged.

The Computer Software & Services industry currently is unchanged today versus the S&P 500, which is up 0.1%. A company within the industry that fell today was CDW ( CDW), up 4.0%.

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 $3.57 (-6.0%) to $56.36 on heavy volume. Thus far, 5.2 million shares of Splunk exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $55.30-$60.35 after having opened the day at $60.31 as compared to the previous trading day's close of $59.93.

Splunk, Inc. provides software solutions that provide real-time operational intelligence in the United States and internationally. Splunk has a market cap of $6.4 billion and is part of the technology sector. Shares are down 12.7% year-to-date as of the close of trading on Tuesday. Currently there are 13 analysts that rate Splunk a buy, no analysts rate it a sell, and 5 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, disappointing return on equity, generally disappointing historical performance in the stock itself 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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