Nuance Communications (NUAN) was Reiterated by Canaccord Genuity to “Buy” while Lowering the Price Target of the company shares to $ 20 from a previous price target of $22 . Canaccord Genuity advised their investors in a research report released on May 11, 2016.
Many Wall Street Analysts have commented on Nuance Communications. Shares were Reiterated by Leerink Partners on May 11, 2016 to “Outperform” and Lowered the Price Target to $ 22 from a previous price target of $23 .Barclays Initiated Nuance Communications on Apr 15, 2016 to “Equal Weight”, Price Target of the shares are set at $22.
On the company’s financial health, Nuance Communications reported $0.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 10, 2016. Analyst had a consensus of $0.35. The company had revenue of $487.40 million for the quarter, compared to analysts expectations of $490.57 million. The company’s revenue was down -.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.30 EPS.
Nuance Communications opened for trading at $16.75 and hit $17.265 on the upside on Tuesday, eventually ending the session at $17.21, with a gain of 3.24% or 0.54 points. The heightened volatility saw the trading volume jump to 54,29,995 shares. Company has a market cap of $5,240 M.
In a different news, on May 4, 2016, Adam Bruce Bowden (Executive VP Corporate Strateg) sold 8,000 shares at $17.02 per share price. According to the SEC, on Mar 18, 2016, Mark R Laret (director) sold 14,000 shares at $19.56 per share price. On Mar 18, 2016, Daniel David Tempesta (Executive Vice President and C) sold 9,256 shares at $19.50 per share price, according to the Form-4 filing with the securities and exchange commission.
Nuance Communications Inc. is a provider of voice and language solutions for businesses and consumers across the world. The Company’s solutions are used in healthcare mobile consumer enterprise customer service and imaging markets. The Company offers accuracy natural language understanding capability domain knowledge and implementation capabilities. The Company’s solutions are based on the Company’s voice and language platform and are used by businesses for tasks and services such as requesting information from a phone-based self-service solution dictating medical records searching the mobile Web by voice entering a destination into a navigation system or working with portable document format (PDF) documents. The Company offers its solutions to its customers in a range of ways including through products hosting professional services and maintenance and support. The Company operates in four segments: Healthcare Mobile and Consumer Enterprise and Imaging.