Nuance Communications Inc. (NUAN): Today's Featured Computer Software & Services Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) 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 up 0.4%. By the end of trading, Nuance Communications fell $0.38 (-2.0%) to $18.50 on average volume. Throughout the day, 4,528,651 shares of Nuance Communications exchanged hands as compared to its average daily volume of 3,851,900 shares. The stock ranged in price between $18.48-$18.79 after having opened the day at $18.77 as compared to the previous trading day's close of $18.88. Other companies within the Computer Software & Services industry that declined today were:
(
), down 14.4%,
(
), down 6.9%,
(
TheStreet Recommends
), down 5.6% and
(
), down 4.5%.
Nuance Communications, Inc. provides voice and language solutions for businesses and consumers worldwide. Nuance Communications has a market cap of $5.9 billion and is part of the technology sector. Shares are down 14.8% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Nuance Communications a buy, no analysts rate it a sell, and 9 rate it a hold.
TheStreet Ratings rates
Nuance Communications
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity.
- You can view the full Nuance Communications Ratings Report.
On the positive front,
(
), up 59.1%,
(
), up 9.8%,
(
), up 8.5% and
(
), up 6.8% , were all gainers within the computer software & services industry with
Cognizant Technology Solutions Corporation
(
) 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
iShares S&P NA Tech Software Idx
(
) while those bearish on the computer software & services industry could consider
ProShares Ultra Short Technology
(
).
- Find other investment ideas from our top rated ETFs lists.
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