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Software industry

Computer Software & Services Industry Sees Mixed Performance on Thursday, April 9, 2015

Strategic Insights

— 2 min read

The Computer Software & Services industry was mixed in performance on Thursday, April 9, 2015, with some companies experiencing significant gains while others faced losses. The industry as a whole remains a key player in the technology sector, with companies like F5 Networks, Adobe Systems, and Cognizant Technology Solutions leading the way.

Key Takeaways:

  • The Dow Jones Industrial Average (^DJI) traded up 9 points (0.0%) at 17,911 as of Thursday, April 9, 2015, 12:55 PM ET.
  • The NYSE advances/declines ratio sat at 1,394 issues advancing vs. 1,539 declining with 203 unchanged.
  • Top gainers within the industry included Endurance International Group Holdings (EIGI), up 5.2%, AthenaHealth (ATHN), up 4.1%, Fortinet (FTNT), up 2.2%, Wipro (WIT), up 1.8%, and Cerner (CERN), up 1.0%.
  • A company within the industry that fell today was Fidelity National Information Services (FIS), up 0.7%.
  • F5 Networks (FFIV) is one of the companies pushing the Computer Software & Services industry higher today, up $2.69 (2.4%) to $116.12 on average volume.
  • Adobe Systems (ADBE) is up $0.57 (0.8%) to $76.01 on light volume.
  • Cognizant Technology Solutions (CTSH) is up $0.34 (0.5%) to $62.88 on light volume.
  • TheStreet Ratings rates F5 Networks as a buy, highlighting its revenue growth, largely solid financial position, notable return on equity, impressive record of earnings per share growth, and compelling growth in net income.
  • TheStreet Ratings also rates Adobe Systems as a buy, noting its revenue growth, largely solid financial position, increase in net income, solid stock price performance, and growth in earnings per share.
  • TheStreet Ratings rates Cognizant Technology Solutions as a buy, citing its robust revenue growth, largely solid financial position, growth in earnings per share, increase in net income, and expanding profit margins.
  • Investors interested in the Computer Software & Services industry may consider iShares S&P NA Tech Software Idx (IGV) for bullish views or ProShares Ultra Short Technology (REW) for bearish views.

Statistics:

  • Dow Jones Industrial Average: 17,911 (up 9 points or 0.0% as of Thursday, April 9, 2015, 12:55 PM ET)
  • NYSE advances/declines ratio: 1,394 issues advancing vs. 1,539 declining with 203 unchanged
  • Top gainers:

+ Endurance International Group Holdings (EIGI): up 5.2%

+ AthenaHealth (ATHN): up 4.1%

+ Fortinet (FTNT): up 2.2%

+ Wipro (WIT): up 1.8%

+ Cerner (CERN): up 1.0%

  • Top loser:

+ Fidelity National Information Services (FIS): up 0.7%

  • F5 Networks (FFIV):

+ Price: $116.12 (up $2.69 or 2.4% as of noon trading)

+ Volume: 565,885 shares traded

+ Market cap: $8.2 billion

  • Adobe Systems (ADBE):

+ Price: $76.01 (up $0.57 or 0.8% as of noon trading)

+ Volume: 487,447 shares traded

+ Market cap: $37.8 billion

  • Cognizant Technology Solutions (CTSH):

+ Price: $62.88 (up $0.34 or 0.5% as of noon trading)

+ Volume: 935,930 shares traded

+ Market cap: $37.8 billion

Sources:

  • TheStreet.com (http://www.thestreet.com)
  • Dow Jones Industrial Average (^DJI) (http://www.thestreet.com/quote/%5eDJI.html)
  • NYSE advances/declines ratio (http://www.thestreet.com/quote/%5eDJI.html)
  • Endurance International Group Holdings (EIGI) (http://www.thestreet.com/quote/eigi.html?cm_ven_int=tstwire)
  • AthenaHealth (ATHN) (http://www.thestreet.com/quote/athn.html?cm_ven_int=tstwire)
  • Fortinet (FTNT) (http://www.thestreet.com/quote/ftnt.html?cm_ven_int=tstwire)
  • Wipro (WIT) (http://www.thestreet.com/quote/wit.html?cm_ven_int=tstwire)
  • Cerner (CERN) (http://www.thestreet.com/quote/cern.html?cm_ven_int=tstwire)
  • Fidelity National Information Services (FIS) (http://www.thestreet.com/quote/fis.html?cm_ven_int=tstwire)
  • F5 Networks (FFIV) (http://www.thestreet.com/quote/ffiv.html?cm_ven_int=tstwire)
  • Adobe Systems (ADBE) (http://www.thestreet.com/quote/adbe.html?cm_ven_int=tstwire)
  • Cognizant Technology Solutions (CTSH) (http://www.thestreet.com/quote/ctsh.html?cm_ven_int=tstwire)
  • iShares S&P NA Tech Software Idx (IGV) (http://www.thestreet.com/quote/IGV.html?cm_ven_int=tstwire)
  • ProShares Ultra Short Technology (REW) (http://www.thestreet.com/quote/REW.html?cm_ven_int=tstwire)

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