Sign in Subscribe
Stock prices

Computer Software & Services Industry Under Pressure

Strategic Insights

— 2 min read

The computer software and services industry is experiencing a challenging trading day, with many stocks in the sector struggling to gain traction. As of 12:55 PM ET on Wednesday, September 9, 2015, the Dow Jones Industrial Average is down 0 points (0.0%) at 16,493. Among the top decliners in the industry are PTC, down 2.1%, SS&C Technologies Holdings, down 1.4%, Wipro, down 0.9%, and CA, down 0.8%. On the other hand, top gainers include Fortinet, up 1.3%, IMS Health Holdings, up 1.2%, CDW, up 1.1%, VeriSign, up 1.0%, and Sabre Corporation, up 1.0%.

Key Takeaways:

  • Splunk, Inc. is down $0.99 (-1.6%) to $59.96 on average volume, pushing the computer software and services industry lower today.
  • Splunk has a market cap of $7.3 billion and is part of the technology sector. Shares are up 3.4% year-to-date as of the close of trading on Tuesday.
  • Qihoo 360 Technology Co. Ltd. is down $0.92 (-2.0%) to $46.11 on average volume, with 1.5 million shares exchanged as compared to its average daily volume of 2.9 million shares.
  • Qihoo 360 Technology has a market cap of $6.2 billion and is part of the technology sector. Shares are down 17.9% year-to-date as of the close of trading on Tuesday.
  • Salesforce.com, inc. is down $0.60 (-0.8%) to $70.16 on average volume, with 1.6 million shares exchanged as compared to its average daily volume of 3.6 million shares.
  • Salesforce.com has a market cap of $44.3 billion and is part of the technology sector. Shares are up 19.3% year-to-date as of the close of trading on Tuesday.

Statistics:

  • The Dow Jones Industrial Average is down 0 points (0.0%) at 16,493 as of 12:55 PM ET on Wednesday, September 9, 2015.
  • The NYSE advances/declines ratio sits at 1,626 issues advancing vs. 1,319 declining with 181 unchanged.
  • The Computer Software & Services industry is currently down 0.2%, with Splunk, Qihoo 360 Technology, and Salesforce.com all experiencing declines.
  • The S&P 500 is up 0.2%, with the top gainers in the industry including Fortinet, IMS Health Holdings, CDW, VeriSign, and Sabre Corporation.

Sources:

  • TheStreet Wire: One out of the three major indices are trading up today with the Dow Jones Industrial Average trading up 0 points (0.0%) at 16,493 as of Wednesday, Sept. 9, 2015, 12:55 PM ET.
  • TheStreet Wire: Splunk, Inc. provides software products that enable organizations to gain real-time operational intelligence in the United States and internationally.
  • TheStreet Wire: Salesforce.com, inc. provides enterprise cloud computing solutions, with a focus on customer relationship management to various businesses and industries worldwide.
  • TheStreet Wire: iShares S&P NA Tech Software Idx is an exchange-traded fund that tracks the technology sector.
  • TheStreet Wire: ProShares Ultra Short Technology is an exchange-traded fund that inversely tracks the technology sector.

Read more