Nuance Communications Inc. (NUAN): Today's Featured Technology Loser
(
) pushed the Technology sector lower today making it today's featured Technology loser. The sector as a whole closed the day up 0.2%. By the end of trading, Nuance Communications fell 12 cents (-0.6%) to $20.71 on light volume. Throughout the day, three million shares of Nuance Communications exchanged hands as compared to its average daily volume of 4.5 million shares. The stock ranged in price between $20.66-$21.04 after having opened the day at $20.82 as compared to the previous trading day's close of $20.83. Other company's within the Technology sector that declined today were:
(
), down 18.2%,
(
), down 16.3%,
(
), down 13.5%, and
(
), down 13.2%.
Nuance Communications, Inc. provides voice and language solutions for businesses and consumers worldwide. Nuance Communications has a market cap of $6.56 billion and is part of the
industry. The company has a P/E ratio of 142.5, below the average computer software & services industry P/E ratio of 152.9 and above the S&P 500 P/E ratio of 17.7. Shares are down 15% year to date as of the close of trading on Thursday. Currently there are 12 analysts that rate Nuance Communications a buy, one analyst rates it a sell, and three 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, expanding profit margins, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Nuance Ratings Report.
On the positive front,
(
), up 16.4%,
(
), up 15.2%,
(
), up 15%, and
(
), up 15%, were all gainers within the technology sector with
(
) being today's featured technology sector winner.
- Use our technology section to find sector-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 technology sector could consider
(
) while those bearish on the technology sector could consider
ProShares Ultra Short Technology
(
).
- Find other investment ideas from our top rated ETFs lists.
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