Shares of Nuance Communications (Nasdaq:NUAN) were gapping down Tuesday morning with an open price 15.6% lower than Monday's closing price. The stock closed at $23.30 yesterday and opened today's trading at $19.66.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Shares of Nuance Communications (Nasdaq: NUAN) were gapping down Tuesday morning with an open price 15.6% lower than Monday's closing price. The stock closed at $23.30 Monday and opened today's trading at $19.66.
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
The average volume for Nuance has been 5.5 million shares per day over the past 30 days. Nuance has a market cap of $7.2 billion and is part of the technology sector and computer software & services industry. Shares are up 1.9% year to date as of the close of trading on Monday. Nuance Communications, Inc. provides voice and language solutions for businesses and consumers worldwide. The company has a P/E ratio of 41.4, above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Nuance 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 largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and unimpressive growth in net income. You can view the full Nuance Ratings Report. Get more investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.