Press coverage about Nuance Communications (NASDAQ:NUAN) has trended somewhat positive on Friday, according to AlphaOne Sentiment. The research firm, a unit of Accern, scores the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Nuance Communications earned a media sentiment score of 0.22 on AlphaOne’s scale. AlphaOne also gave media stories about the software maker an impact score of 85 out of 100, indicating that recent news coverage is very likely to have an effect on the stock’s share price in the near term.
These are some of the media stories that may have impacted AlphaOne Sentiment’s scoring:
- Active Runner in Focus: Nuance Communications Inc. (SC2.DE) – Pearson Press (pearsonnewspress.com)
- Investor Update: Tracking Shares of Nuance Communications, Inc. (NASDAQ:NUAN) – Business Daily (oxfordbusinessdaily.com)
- Nuance Goes Multimodal with Security Suite Platform (findbiometrics.com)
- Latest Nuance eCopy ShareScan Includes Simplified Chinese at the User Interface to Allow Chinese Speakers to Easily Deploy, Administer and Secure Document Capture Workflows in … (businesswire.com)
- Nuance Strengthens Biometrics Security Portfolio and Attacks Fraud with Advanced, Multi-Modal Offering, Powered by AI (finance.yahoo.com)
Nuance Communications (NASDAQ:NUAN) traded up 1.78% during trading on Friday, reaching $18.86. The company had a trading volume of 2,541,266 shares. The firm’s market capitalization is $5.43 billion. The stock has a 50 day moving average price of $17.65 and a 200 day moving average price of $16.36. Nuance Communications has a 12 month low of $13.44 and a 12 month high of $19.93.
Nuance Communications (NASDAQ:NUAN) last issued its earnings results on Tuesday, May 9th. The software maker reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.04. The business had revenue of $511.10 million during the quarter, compared to analyst estimates of $506.83 million. Nuance Communications had a positive return on equity of 15.22% and a negative net margin of 1.24%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the business earned $0.38 EPS. On average, equities research analysts predict that Nuance Communications will post $1.18 earnings per share for the current year.
Several brokerages have recently issued reports on NUAN. Zacks Investment Research downgraded Nuance Communications from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Barclays PLC restated a “buy” rating and issued a $22.00 price objective on shares of Nuance Communications in a research report on Friday, May 12th. Stifel Nicolaus upped their price objective on Nuance Communications from $16.00 to $19.00 and gave the company a “hold” rating in a research report on Wednesday, May 10th. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $26.00 price objective on shares of Nuance Communications in a research report on Thursday, February 9th. Finally, Citigroup Inc restated an “outperform” rating on shares of Nuance Communications in a research report on Wednesday, February 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $22.00.
In other news, VP Adam Bruce Bowden sold 9,131 shares of the firm’s stock in a transaction on Wednesday, April 5th. The stock was sold at an average price of $16.75, for a total value of $152,944.25. Following the completion of the sale, the vice president now owns 192,529 shares of the company’s stock, valued at $3,224,860.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Robert C. Schassler sold 35,000 shares of the firm’s stock in a transaction on Monday, March 13th. The stock was sold at an average price of $17.04, for a total value of $596,400.00. Following the completion of the sale, the executive vice president now directly owns 237,036 shares of the company’s stock, valued at approximately $4,039,093.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,225 shares of company stock valued at $1,292,743. 1.67% of the stock is currently owned by insiders.
Nuance Communications Company Profile
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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