Nuance Communications (NASDAQ:NUAN) Getting Somewhat Negative News Coverage, Study Shows
Media stories about Nuance Communications (NASDAQ:NUAN) have been trending somewhat negative on Saturday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Nuance Communications earned a media sentiment score of -0.01 on Accern’s scale. Accern also assigned press coverage about the software maker an impact score of 47.1540477358247 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Oppenheimer Holdings Equities Analysts Cut Earnings Estimates for Nuance Communications, Inc. (NASDAQ:NUAN) (americanbankingnews.com)
- See what the IHS Markit Score report has to say about Nuance Communications Inc. (finance.yahoo.com)
- Nuance Communications’ (NUAN) “Outperform” Rating Reiterated at Oppenheimer Holdings, Inc. (americanbankingnews.com)
- BRIEF-Nuance Communications sees 2017 non-gaap revenue of $1,945 mln-$1,975 mln (reuters.com)
- Nuance Communications, Inc. (NASDAQ:NUAN) Expected To Report Earnings On Tuesday (fishinghd.com)
Shares of Nuance Communications (NASDAQ:NUAN) opened at 16.15 on Friday. The stock’s market cap is $4.65 billion. The company’s 50-day moving average is $17.33 and its 200-day moving average is $17.44. Nuance Communications has a 1-year low of $13.44 and a 1-year high of $19.93.
Nuance Communications (NASDAQ:NUAN) last issued its quarterly earnings data on Tuesday, August 8th. The software maker reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by $0.09. The business had revenue of $495.60 million for the quarter, compared to analyst estimates of $495.57 million. Nuance Communications had a positive return on equity of 14.76% and a negative net margin of 3.38%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.38 earnings per share. Equities analysts expect that Nuance Communications will post $1.02 EPS for the current fiscal year.
Several brokerages have weighed in on NUAN. Canaccord Genuity lowered their price target on shares of Nuance Communications from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday. Deutsche Bank AG reaffirmed a “buy” rating and set a $25.00 price target on shares of Nuance Communications in a report on Monday, June 12th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $23.00 price target (down previously from $26.00) on shares of Nuance Communications in a report on Thursday. Zacks Investment Research raised shares of Nuance Communications from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Stifel Nicolaus lifted their price target on shares of Nuance Communications from $16.00 to $19.00 and gave the company a “hold” rating in a report on Wednesday, May 10th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Nuance Communications presently has a consensus rating of “Hold” and a consensus target price of $20.11.
In other Nuance Communications news, VP Adam Bruce Bowden sold 5,000 shares of Nuance Communications stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $19.15, for a total value of $95,750.00. Following the completion of the transaction, the vice president now directly owns 149,414 shares of the company’s stock, valued at approximately $2,861,278.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Paul Ricci sold 139,267 shares of Nuance Communications stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $19.10, for a total value of $2,659,999.70. Following the completion of the transaction, the chief executive officer now directly owns 2,090,036 shares of the company’s stock, valued at $39,919,687.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 186,267 shares of company stock valued at $3,518,245. 1.67% of the stock is currently owned by corporate insiders.
About Nuance Communications
Nuance Communications, Inc is a provider of voice recognition and natural language understanding solutions. The Company’s segments include Healthcare, Mobile, Enterprise and Imaging. The Healthcare segment provides clinical speech and clinical language understanding solutions. The solutions for the Healthcare segment include transcription solutions, Dragon Medical, and clinical document improvement (CDI) and coding solutions.
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