By Jonathan Rudy The market saw a sell-off in software stocks Wednesday, Mar. 28, reflecting continued earnings warnings from the tech sector.
Standard & Poor's is keeping its recommendations on select software stocks, although these shares are down about 15% on average on Wednesday.
While no company is immune from a global economic slowdown, S&P continues to believe that Rational Software (RATL), ranked 5
STARS (buy), and Check Point Software (CHKP), ranked 4 STARS (accumulate), are better positioned and more attractively valued than others.
S&P has a 3 STARS (hold) opinion on shares of
Siebel Systems (SEBL), i2 Technologies (ITWO) and Veritas Software (VRTS). Rudy is a software industry analyst for Standard & Poor's