Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
Russell Rebalancing Triggers Volume Wave; Jim Cramer Sees Opportunity
“The artificial forces that drove the market lower seem to have disappeared,” Cramer said on his Mad Money program last night, setting up the potential for good buying opportunities ahead of today's Russel index rebalancing.
) pushed the Computer Software & Services industry lower today making it today's featured Computer Software & Services laggard. The industry as a whole closed the day down 0.1%. By the end of trading, Nuance Communications fell 29 cents (-1.2%) to $24.03 on light volume. Throughout the day, 2.9 million shares of Nuance Communications exchanged hands as compared to its average daily volume of four million shares. The stock ranged in price between $23.76-$24.35 after having opened the day at $24.34 as compared to the previous trading day's close of $24.32. Other companies within the Computer Software & Services industry that declined today were:
), down 9.3%,
), down 7.7%,
), down 6.5%, and
), down 5.5%.
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Nuance Communications, Inc. provides voice and language solutions for businesses and consumers worldwide. Nuance Communications has a market cap of $7.14 billion and is part of the
sector. The company has a P/E ratio of 91.8, above the average computer software & services industry P/E ratio of 89.2 and above the S&P 500 P/E ratio of 17.7. Shares are down 4.3% year to date as of the close of trading on Tuesday. Currently there are 13 analysts that rate Nuance Communications a buy, one analyst rates it a sell, and two rate it a hold.
TheStreet Ratings rates Nuance Communications as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
- You can view the full Nuance Ratings Report.
On the positive front,
), up 8.6%,
), up 6.4%,
), up 6.1%, and
), up 5.9%, were all gainers within the computer software & services industry with
) being today's featured computer software & services industry leader.
- Use our computer software & services section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer software & services industry could consider
) while those bearish on the computer software & services industry could consider
- Find other investment ideas from our top rated ETFs lists.