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 Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 0.8%. By the end of trading, Nuance Communications fell $2.89 (-18.1%) to $13.10 on heavy volume. Throughout the day, 64,025,490 shares of Nuance Communications exchanged hands as compared to its average daily volume of 4,879,200 shares. The stock ranged in price between $13.00-$14.91 after having opened the day at $14.90 as compared to the previous trading day's close of $15.99. Other companies within the Technology sector that declined today were:
), down 10.2%,
), down 8.8%,
), down 8.4% and
), down 8.2%.
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Nuance Communications, Inc. provides voice and language solutions for businesses and consumers worldwide. Nuance Communications has a market cap of $5.1 billion and is part of the computer software & services industry. The company has a P/E ratio of 148.8, above the S&P 500 P/E ratio of 17.7. Shares are down 26.7% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate Nuance Communications a buy, no analysts rate it a sell, and 8 rate it a hold.
TheStreet Ratings rates
. 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 notable return on equity. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year.
- You can view the full Nuance Communications Ratings Report.
On the positive front,
), up 26.0%,
), up 25.5%,
), up 25.1% and
), up 15.6% , were all gainers within the technology sector with
) being today's featured technology sector leader.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider
) while those bearish on the technology sector could consider
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