NEW YORK (

TheStreet

) -- Shares of

Mentor Graphics Corporation

(Nasdaq:

MENT

) were gapping up Tuesday morning with an open price 13.7% higher than Friday's closing price. The stock closed at $14.52 Friday and opened today's trading at $16.51.

The average volume for Mentor Graphics has been 879,000 shares per day over the past 30 days. Mentor Graphics has a market cap of $1.6 billion and is part of the

technology

sector and

computer software & services

industry. Shares are up 21% year to date as of the close of trading on Friday.

Mentor Graphics Corporation supplies electronic design automation systems used to automate the design, analysis, and testing of electronic hardware and embedded systems software in electronic systems and components worldwide. The company has a P/E ratio of 72.6, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 23.2.

TheStreet Ratings rates Mentor Graphics as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

Mentor Graphics Ratings Report

.

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