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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Nuance Communications ( NUAN) pushed the Computer Software & Services industry higher today making it today's featured computer software & services winner. The industry as a whole closed the day down 1.2%. By the end of trading, Nuance Communications rose $0.17 (1.2%) to $14.25 on average volume. Throughout the day, 8,336,471 shares of Nuance Communications exchanged hands as compared to its average daily volume of 6,702,100 shares. The stock ranged in a price between $14.13-$14.36 after having opened the day at $14.33 as compared to the previous trading day's close of $14.08. Other companies within the Computer Software & Services industry that increased today were: China Information Technology ( CNIT), up 9.9%, icad ( ICAD), up 9.2%, Daegis ( DAEG), up 4.1% and GRAVITY ( GRVY), up 4.0%.

Nuance Communications, Inc. provides voice and language solutions for businesses and consumers worldwide. Nuance Communications has a market cap of $4.5 billion and is part of the technology sector. Shares are down 36.4% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Nuance Communications a buy, no analysts rate it a sell, and 10 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 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 deteriorating net income, disappointing return on equity and weak operating cash flow.

On the negative front, Authentidate Holding Corporation ( ADAT), down 8.7%, Marketo ( MKTO), down 8.7%, Brightcove ( BCOV), down 6.9% and Netsol Technologies ( NTWK), down 5.7% , were all laggards within the computer software & services industry with Microsoft Corporation ( MSFT) being today's computer software & services industry laggard.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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