NEW YORK (TheStreet) -- Shares of Nuance Communications (NUAN) - Get Report were sliding in after-hours trading on Monday after the company posted mixed 2016 third-quarter earnings and revenue after today's closing bell.
The Burlington, MA-based computer software technology company reported earnings of 38 cents per share, beating analysts' projections by a penny.
Revenue came in at $484.9 million, falling short of analysts' expected $489.5 million in revenue.
Last year, Nuance Communications posted earnings of 32 cents per share with $488.66 million in revenue for the third quarter.
Nuance Communications CFO Daniel Tempesta said the company plans to reduce costs and invest in its products and growth markets in the near-term.
The company specializes in voice recognition solutions and natural language understanding technologies.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
We rate NUANCE COMMUNICATIONS INC as a Hold with a ratings score of C. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and a generally disappointing performance in the stock itself.
You can view the full analysis from the report here: NUAN