3 Stocks Moving The Computer Software & Services Industry Upward

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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 26 points (-0.1%) at 17,879 as of Friday, June 5, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,219 issues advancing vs. 1,787 declining with 146 unchanged.

The Computer Software & Services industry currently sits up 0.6% versus the S&P 500, which is down 0.2%. Top gainers within the industry include Fortinet ( FTNT), up 2.4%, and ServiceNow ( NOW), up 1.5%. On the negative front, top decliners within the industry include Cerner ( CERN), down 1.2%, and Thomson Reuters ( TRI), down 0.8%.

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

3. Splunk ( SPLK) is one of the companies pushing the Computer Software & Services industry higher today. As of noon trading, Splunk is up $2.36 (3.6%) to $67.74 on average volume. Thus far, 1.2 million shares of Splunk exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $65.06-$67.80 after having opened the day at $65.36 as compared to the previous trading day's close of $65.39.

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Splunk, Inc. provides software products that enable organizations to gain real-time operational intelligence in the United States and internationally. The company's products enable users to collect, index, search, explore, monitor, and analyze data regardless of format or source users. Splunk has a market cap of $8.4 billion and is part of the technology sector. Shares are up 10.9% year-to-date as of the close of trading on Thursday. Currently there are 21 analysts who rate Splunk a buy, no analysts rate it a sell, and 4 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 and feeble growth in its earnings per share. Get the full Splunk Ratings Report now.

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2. As of noon trading, Qihoo 360 Technology ( QIHU) is up $4.19 (7.6%) to $59.19 on heavy volume. Thus far, 4.6 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 $54.60-$60.36 after having opened the day at $54.99 as compared to the previous trading day's close of $55.00.

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Qihoo 360 Technology Co. Ltd., through its subsidiaries, provides Internet services in the People's Republic of China. The company operates through Internet Services and Others segments. Qihoo 360 Technology has a market cap of $7.1 billion and is part of the technology sector. Shares are down 4.0% year-to-date as of the close of trading on Thursday. Currently there are 5 analysts who rate Qihoo 360 Technology a buy, no analysts rate it a sell, and 2 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, notable return on equity, growth in earnings per share, increase in net income and expanding profit margins. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full Qihoo 360 Technology Ratings Report now.

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1. As of noon trading, FireEye ( FEYE) is up $2.54 (5.3%) to $50.49 on heavy volume. Thus far, 8.5 million shares of FireEye exchanged hands as compared to its average daily volume of 5.3 million shares. The stock has ranged in price between $48.43-$50.49 after having opened the day at $49.31 as compared to the previous trading day's close of $47.95.

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FireEye, Inc., together with its subsidiaries, provides cybersecurity solutions for detecting, preventing, and resolving cyber-attacks. FireEye has a market cap of $7.5 billion and is part of the technology sector. Shares are up 51.8% year-to-date as of the close of trading on Thursday. Currently there are 11 analysts who rate FireEye a buy, 1 analyst rates it a sell, and 10 rate it a hold.

TheStreet Ratings rates FireEye 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 FireEye Ratings Report now.

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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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