We recently issued an updated report on Xerox Holdings Corporation XRX.In the past year, shares of Xerox have lost 35.7% against 2.2% rise of the industry it belongs to.The company’s revenues continue to face pandemic-led weakness and bear the brunt of lower demand for paper-related systems and products.Xerox has a debt-laden balance sheet. Its cash and cash equivalent balance of $2.63 billion at the end of the fourth-quarter 2020 was below the long-term debt level of $4.05 billion. This indicates that the company doesn’t have enough cash to meet this debt burden. Nevertheless, the cash level can meet the short-term debt of $394 million.Another major threat involves the availability of a large number of substitutes because of strong peer presence, although there are lesser chances of new entry. Companies like Canon, Hewlett-Packard, Lexmark and Toshiba are capable of giving tough competition to Xerox.Meanwhile, Xerox’s businesses are benefiting from "Project Own It," an enterprise-wide transformation initiative aimed at increasing productivity and operational efficiency, reducing costs as well as realigning business to changing market conditions.Zacks Rank and Stocks to ConsiderXerox currently carries a Zacks Rank #4 (Sell).Some better-ranked service stocks are SailPoint Technologies SAIL, NV5 Global NVEE and TeleTech Holdings TTEC, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The long-term expected earnings per share (three to five years) growth rate for SailPoint, NV5 Global and TeleTech is pegged at 15%, 18% and 19.4%, respectively.More Stock News: This Is Bigger than the iPhone!It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market.Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.Click here for the 4 trades >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report TeleTech Holdings, Inc. (TTEC): Free Stock Analysis Report Xerox Holdings Corporation (XRX): Free Stock Analysis Report NV5 Global, Inc. (NVEE): Free Stock Analysis Report SailPoint Technologies Holdings, Inc. (SAIL): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research