Nuance Communications (NUAN) Releases Earnings Results, Beats Expectations By $0.01 EPS

Nuance Communications (NUAN) reported quarterly earnings results on Monday, Aug-8-2016. The company said it had a profit of $0.38 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.37. The company posted revenue of $484.90 million in the period, compared to analysts expectations of $489.46 million. The company’s revenue was down -.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.

Many Wall Street Analysts have commented on Nuance Communications. Shares were Reiterated by UBS on May 12, 2016 to “Neutral” and Lowered the Price Target to $ 18 from a previous price target of $19 .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 .Shares were Reiterated by Canaccord Genuity on May 11, 2016 to “Buy” and Lowered the Price Target to $ 20 from a previous price target of $22 .

Nuance Communications opened for trading at $15.85 and hit $16.37 on the upside on Friday, eventually ending the session at $16.3, with a gain of 3.03% or 0.48 points. The heightened volatility saw the trading volume jump to 40,76,137 shares. Company has a market cap of $4,551 M.

In a different news, on Aug 3, 2016, Adam Bruce Bowden (Executive VP Corporate Strateg) sold 6,000 shares at $16.03 per share price. According to the SEC, on Jun 10, 2016, Katherine A Martin (director) sold 10,000 shares at $17.25 per share price. On Mar 18, 2016, Mark R Laret (director) sold 14,000 shares at $19.56 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.

Nuance Communications

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