Shares of Nuance Communications (Nasdaq:NUAN) were gapping up Thursday morning with an open price 11.4% higher than Wednesday's closing price. The stock closed at $22.80 yesterday and opened today's trading at $25.41.
NEW YORK ( TheStreet) -- Shares of Nuance Communications (Nasdaq: NUAN) were gapping up Thursday morning with an open price 11.4% higher than Wednesday's closing price. The stock closed at $22.80 Wednesday and opened today's trading at $25.41. The average volume for Nuance has been 5.5 million shares per day over the past 30 days. Nuance has a market cap of $6.83 billion and is part of the technology sector and computer software & services industry. Shares are down 9.4% year to date as of the close of trading on Wednesday. Nuance Communications, Inc. provides voice and language solutions for businesses and consumers worldwide. The company has a P/E ratio of 147.7, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Nuance as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, good cash flow from operations, expanding profit margins and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Nuance Ratings Report. Get more investment ideas from our investment research center.