Nuance Communications Inc. (NUAN): Today's Featured Computer Software & Services Laggard

Nuance Communications ( NUAN) pushed the Computer Software & Services industry lower today making it today's featured Computer Software & Services laggard. The industry as a whole closed the day up 0.5%. By the end of trading, Nuance Communications fell $0.21 (-1.1%) to $18.12 on light volume. Throughout the day, 2,897,525 shares of Nuance Communications exchanged hands as compared to its average daily volume of 6,050,200 shares. The stock ranged in price between $18.12-$18.57 after having opened the day at $18.42 as compared to the previous trading day's close of $18.33. Other companies within the Computer Software & Services industry that declined today were: China Information Technology ( CNIT), down 5.4%, Qualys ( QLYS), down 4.7%, Glu Mobile ( GLUU), down 4.7% and GRAVITY ( GRVY), down 4.3%.

Nuance Communications, Inc. provides voice and language solutions for businesses and consumers worldwide. Nuance Communications has a market cap of $5.8 billion and is part of the technology sector. The company has a P/E ratio of 38.6, above the S&P 500 P/E ratio of 17.7. Shares are down 18.8% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Nuance Communications a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Nuance Communications as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself.

On the positive front, Bridgeline Digital ( BLIN), up 9.1%, Mitek Systems ( MITK), up 8.6%, Procera Networks ( PKT), up 8.2% and NQ Mobile ( NQ), up 7.9% , were all gainers within the computer software & services industry with Microsoft Corporation ( MSFT) being today's featured computer software & services industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer software & services industry could consider iShares S&P NA Tech Software Idx ( IGV) while those bearish on the computer software & services industry could consider ProShares Ultra Short Technology ( REW).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

null

More from Markets

Video: There Are Some Big Changes Coming to the PGA Championships in 2019

Video: There Are Some Big Changes Coming to the PGA Championships in 2019

Video: One-on-One With Pluralsight's CEO Following Its Successful IPO

Video: One-on-One With Pluralsight's CEO Following Its Successful IPO

CBS-Viacom Battle Comes to a Head; FDA Approves Novartis Migraine Drug --ICMYI

CBS-Viacom Battle Comes to a Head; FDA Approves Novartis Migraine Drug --ICMYI

Listen: Here's What You Need To Know About ETFs Today (Hint: They're on Fire!)

Listen: Here's What You Need To Know About ETFs Today (Hint: They're on Fire!)

Cramer and His Team Stick to Their Disciplines -- Even When It's Disappointing

Cramer and His Team Stick to Their Disciplines -- Even When It's Disappointing