Software Stocks: Watch for Nuance Comm Inc (NASDAQ NUAN) & Cadence Systems (NASDAQ CDNS)

Let us take a look at two promising stocks: Nuance Comm Inc (NASDAQ NUAN) & Cadence Systems (NASDAQ CDNS). Both have seen seemingly different fortunes in the recent times. While Nuance struggles due to takeover speculations, Cadence has been performing strongly.

Cadence Design Systems, Inc. (NASDAQ:CDNS) a leader in global electronic design innovation, announced that it has completed the acquisition of Jasper Design Automation Inc, a market and technology leader in the fast-growing formal analysis sector. This has led to a surge in the Stock’s prices as explained in the article.

Speech-recognition technology provider Nuance Communications Inc. (NASDAQ:NUAN) has been roiled in recent weeks by sale rumors and reports that Apple might drop Nuance from its Siri voice response app in favor of its own technology.

Software Stocks: Nuance Comm Inc (NASDAQ NUAN) & Cadence Systems (NASDAQ CDNS)

Since hitting an all-time high of 31.15 in February 2012, Nuance stock has struggled. It hit a low of 13 last November and has risen since then on hopes for a buyout. Apple (NASDAQ:AAPL) and Samsung have been rumored as possible acquirers of Nuance. Its return on assets (ROA) is -2.70% while return on investment (ROI) is only 0.60%

Cadence Design Systems Inc.’s shares have advanced 7.83% in the last one month and 8.66% in the previous three months. Additionally, from the beginning of 2014, the company’s stock has gained an upside of 20.76%. The company’s stock is trading above its 50-day and 200-day moving averages of $15.79 and $14.49, respectively. Furthermore, shares of the company have a Relative Strength Index (RSI) of 60.20. These are positive results from Cadence’s acquisition of Jasper.

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Both the stocks Nuance Comm Inc (NASDAQ NUAN) & Cadence Systems (NASDAQ CDNS) would be hoping for good times in the coming months. While Cadence looks all set for a good showing, Nuance may face hardship if the rumors of Apple making Siri in house happen to be true. Further problems may arise if Samsung do not take over the firm. How the stock would respond to all this remains to be seen.

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