3 Stocks Pushing The Computer Software & Services Industry Downward

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.

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.

2. As of noon trading, Qihoo 360 Technology ( QIHU) is down $2.63 (-3.0%) to $86.13 on heavy volume. Thus far, 3.9 million shares of Qihoo 360 Technology exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $84.20-$90.35 after having opened the day at $90.07 as compared to the previous trading day's close of $88.76.

Qihoo 360 Technology Co. Ltd. provides Internet and mobile security products and services in the People's Republic of China. Qihoo 360 Technology has a market cap of $11.1 billion and is part of the technology sector. Shares are up 8.2% year-to-date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Qihoo 360 Technology a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Qihoo 360 Technology as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Qihoo 360 Technology 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 $0.82 (-1.4%) to $59.03 on average volume. Thus far, 2.2 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 $58.83-$60.37 after having opened the day at $60.21 as compared to the previous trading day's close of $59.85.

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 8.4% year-to-date as of the close of trading on Tuesday. Currently there are 23 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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