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6 Software Stocks to Sell Now

TNGO, MITK, PEGA, CTXS, TIBX, SRSL slump in weekly rankings

   

This week, the overall grades of six Software stocks are lower, according to the Portfolio Grader database. Each of these rates a “D” (“sell”) or “F” overall (“strong sell”).

Tangoe Inc.‘s (NASDAQ:TNGO) rating falls to a D (“sell”) this week, down from C (“hold”) the week prior. Tangoe, Inc. Company is a global provider of communications lifecycle management, or CLM, software and related services to large and medium-sized businesses and other organizations.  As of Oct. 18, 2012, 12.3% of outstanding Tangoe Inc. shares were held short. The trailing PE Ratio for the stock is 83.10. To get an in-depth look at TNGO, get Portfolio Grader’s complete analysis of TNGO stock.

Mitek Systems (NASDAQ:MITK) earns a F (“strong sell”) this week, moving down from last week’s grade of D (“sell”). Mitek Systems is mainly engaged in the development and sale of software solutions. In Earnings Growth, Earnings Revisions, Equity, and Margin Growth the stock gets F’s. The stock price has fallen 30% over the past month, worse than the 2.4% decrease the Nasdaq has seen over the same period of time. As of Oct. 18, 2012, 23.9% of outstanding Mitek Systems shares were held short. For a full analysis of MITK stock, visit Portfolio Grader.

The rating of Pegasystems (NASDAQ:PEGA) declines this week from a D to a F. Pegasystems develops customer relationship management software. The stock gets F’s in Earnings Growth, Earnings Momentum, and Earnings Surprise. Investors seem to agree with the downgrade and have pushed down the share price 14.3% over the past month. The stock has a trailing PE Ratio of 208.90. To get an in-depth look at PEGA, get Portfolio Grader’s complete analysis of PEGA stock.

Citrix Systems (NASDAQ:CTXS) earns a D this week, moving down from last week’s grade of C. Citrix Systems designs, develops, and markets technology solutions to deliver information technology services on-demand worldwide. Wall Street appears to agree with the stock downgrade, with share prices dropping 20% over the past month. The stock currently has a trailing PE Ratio of 34.10. For more information, get Portfolio Grader’s complete analysis of CTXS stock.

This is a rough week for TIBCO Software (NASDAQ:TIBX). The company’s rating falls to D from the previous week’s C. TIBCO Software is an independent provider of infrastructure software that allows customers to create flexible, configurable applications from software infrastructure and deliver real-time insights. Share prices fell 13.5% over the past month. The stock’s trailing PE Ratio is 36.80. For a full analysis of TIBX stock, visit Portfolio Grader.

SRS Labs (NASDAQ:SRSL) experiences a ratings drop this week, going from last week’s C to a D. SRS Labs develops and licenses audio and voice enhancement technologies. The stock gets F’s in Earnings Growth and Margin Growth. For more information, get Portfolio Grader’s complete analysis of SRSL stock.

Louis Navellier’s proprietary Portfolio Grader stock ranking system assesses roughly 5,000 companies every week based on a number of fundamental and quantitative measures. Stocks are given a letter grade based on their results — with A being “strong buy,” and F being “strong sell.” Explore the tool here.


Article printed from InvestorPlace Media, http://investorplace.com/2012/10/6-software-stocks-to-sell-now-tngo-mitk-pega/.

©2014 InvestorPlace Media, LLC

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