NEW YORK ( TheStreet) -- Shares of Blackboard (Nasdaq: BBBB) have taken a tremendous swing upward. The stock is trading at $46.55 as of 12:06 p.m. ET, 25.3% above Monday's closing price of $37.16. Volume is at 612,000, 1.4 times the daily average of 447,800.

Blackboard has a market cap of $1.3 billion and is part of the technology sector and computer software & services industry. Shares are down 10% year to date as of the close of trading on Monday.

Blackboard Inc. provides enterprise software applications and related services to the education industry in the United States. The company has a P/E ratio of 79, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 16.5.

TheStreet Ratings rates Blackboard as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and generally poor debt management. You can view the full Blackboard Ratings Report.

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