Stocks in the Computer Software & Services Industry Show a Mixed Reaction

Strategic Insights -

The Computer Software & Services industry is seeing a mixed reaction on Tuesday, March 24, 2015, with two out of the three major indices trading lower. The Dow Jones Industrial Average is down 41 points (-0.2%) at 18,075, while the NYSE advances/declines ratio sits at 1,371 issues advancing vs. 1,586 declining with 175 unchanged. In contrast, the Computer Software & Services industry is trading up, with a company within the industry, Thomson Reuters, up 0.9%.

Key Takeaways:

  • VMWare (VMW) is one of the companies pushing the Computer Software & Services industry higher today, up $1.78 (2.1%) to $85.05 on light volume, with 652,125 shares exchanged hands as compared to its average daily volume of 1.9 million shares.
  • Electronic Arts (EA) is also trading higher, up $0.93 (1.6%) to $58.20 on light volume, with 1.2 million shares exchanged hands as compared to its average daily volume of 3.6 million shares.
  • Microsoft (MSFT) is trading flat, with $0.29 (0.7%) increase to $43.14 on light volume, with 10.9 million shares exchanged hands as compared to its average daily volume of 37.5 million shares.
  • TheStreet Ratings rates VMWare as a hold, citing the company's revenue growth, solid financial position, and reasonable valuation levels, but also noting weaknesses including disappointing return on equity and weak operating cash flow.
  • TheStreet Ratings rates Electronic Arts as a buy, citing the company's robust revenue growth, solid financial position, and compelling growth in net income.
  • TheStreet Ratings rates Microsoft as a buy, citing the company's revenue growth, reasonable valuation levels, and expanding profit margins.
  • Currently there are 16 analysts who rate VMWare a buy, no analysts rate it a sell, and 11 rate it a hold.
  • Currently there are 11 analysts who rate Electronic Arts a buy, no analysts rate it a sell, and 7 rate it a hold.
  • Currently there are 11 analysts who rate Microsoft a buy, 2 analysts rate it a sell, and 12 rate it a hold.

Statistics:

  • As of Tuesday, March 24, 2015, 12:55 PM ET, the Dow Jones Industrial Average is down 41 points (-0.2%) at 18,075.
  • The NYSE advances/declines ratio is 1,371 issues advancing vs. 1,586 declining with 175 unchanged.
  • VMWare (VMW) is up $1.78 (2.1%) to $85.05 on light volume, with 652,125 shares exchanged hands as compared to its average daily volume of 1.9 million shares.
  • Electronic Arts (EA) is up $0.93 (1.6%) to $58.20 on light volume, with 1.2 million shares exchanged hands as compared to its average daily volume of 3.6 million shares.
  • Microsoft (MSFT) is up $0.29 (0.7%) to $43.14 on light volume, with 10.9 million shares exchanged hands as compared to its average daily volume of 37.5 million shares.

Sources:

  • TheStreet.com - http://www.thestreet.com/
  • The Dow Jones Industrial Average - http://www.thestreet.com/quote/%5eDJI.html
  • TheStreet Ratings - http://www.thestreet.com/r/ratings/reports/ir-screener.html
  • Thomson Reuters - http://www.thestreet.com/quote/tri.html?cm_ven_int=tstwire
  • VMWare - http://www.thestreet.com/quote/vmw.html?cm_ven_int=tstwire
  • Electronic Arts - http://www.thestreet.com/quote/ea.html?cm_ven_int=tstwire
  • Microsoft - http://www.thestreet.com/quote/msft.html?cm_ven_int=tstwire
  • iShares S&P NA Tech Software Idx - http://www.thestreet.com/quote/IGV.html?cm_ven_int=tstwire
  • ProShares Ultra Short Technology - http://www.thestreet.com/quote/REW.html?cm_ven_int=tstwire