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The Computer Software & Services industry as a whole closed the day up 0.9% versus the S&P 500, which was down 0.2%. Laggards within the Computer Software & Services industry included Kingtone Wirelessinfo Solution ( KONE), down 7.0%, GRAVITY ( GRVY), down 3.2%, Formula Systems (1985 ( FORTY), down 3.3%, CounterPath ( CPAH), down 2.6% and Sajan ( SAJA), down 3.8%.

TheStreet Ratings Group would like to highlight 3 stocks that pushed the industry lower today:

Wipro ( WIT) is one of the companies that pushed the Computer Software & Services industry lower today. Wipro was down $0.40 (3.2%) to $12.09 on average volume. Throughout the day, 494,639 shares of Wipro exchanged hands as compared to its average daily volume of 453,300 shares. The stock ranged in price between $12.07-$12.27 after having opened the day at $12.20 as compared to the previous trading day's close of $12.49.

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 $31.6 billion and is part of the technology sector. Shares are down 0.8% year-to-date as of the close of trading on Monday. Currently there are no analysts who rate Wipro a buy, no analysts rate it a sell, and 5 rate it a hold.

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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, growth in earnings per share, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

Highlights from TheStreet Ratings analysis on WIT go as follows:

  • The revenue growth came in higher than the industry average of 6.4%. Since the same quarter one year prior, revenues rose by 11.6%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • WIT's debt-to-equity ratio is very low at 0.15 and is currently below that of the industry average, implying that there has been very successful management of debt levels. To add to this, WIT has a quick ratio of 2.22, which demonstrates the ability of the company to cover short-term liquidity needs.
  • WIPRO LTD has improved earnings per share by 8.3% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, WIPRO LTD increased its bottom line by earning $0.53 versus $0.41 in the prior year. This year, the market expects an improvement in earnings ($0.57 versus $0.53).
  • The net income growth from the same quarter one year ago has exceeded that of the S&P 500 and greatly outperformed compared to the IT Services industry average. The net income increased by 10.4% when compared to the same quarter one year prior, going from $295.42 million to $326.17 million.
  • The stock has risen over the past year as investors have generally rewarded the company for its earnings growth and other positive factors like the ones we have cited in this report. Looking ahead, the stock's rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry. We feel, however, that the other strengths this company displays justify these higher price levels.

You can view the full analysis from the report here: Wipro Ratings Report

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At the close, Sajan ( SAJA) was down $0.23 (3.8%) to $5.77 on heavy volume. Throughout the day, 7,115 shares of Sajan exchanged hands as compared to its average daily volume of 3,200 shares. The stock ranged in price between $5.77-$5.81 after having opened the day at $5.81 as compared to the previous trading day's close of $6.00.

Sajan has a market cap of $29.1 million and is part of the technology sector. Shares are up 3.5% year-to-date as of the close of trading on Monday. Currently there is 1 analyst who rates Sajan a buy, no analysts rate it a sell, and none rate it a hold.

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

CounterPath ( CPAH) was another company that pushed the Computer Software & Services industry lower today. CounterPath was down $0.02 (2.6%) to $0.76 on light volume. Throughout the day, 7,250 shares of CounterPath exchanged hands as compared to its average daily volume of 19,900 shares. The stock ranged in price between $0.74-$0.80 after having opened the day at $0.80 as compared to the previous trading day's close of $0.78.

CounterPath has a market cap of $34.9 million and is part of the technology sector. Shares are down 23.4% year-to-date as of the close of trading on Monday. Currently there are no analysts who rate CounterPath a buy, 1 analyst rates it a sell, and 1 rates it a hold.

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