Nuance Communications (NUAN) Getting Somewhat Favorable Media Coverage, Report Shows
News coverage about Nuance Communications (NASDAQ:NUAN) has trended somewhat positive this week, according to Accern. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern 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 daily sentiment score of 0.15 on Accern’s scale. Accern also gave news articles about the software maker an impact score of 45.5348450864278 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment’s analysis:
- Hilly stocks-:- Exxon Mobil Corporation (NYSE:XOM), Nuance Communications Inc (NASDAQ:NUAN), Northern … – Market Breaking Point (press release) (journalfinance.net)
- Nuance Communications, Inc. (NUAN) is at $17.45 per share and America Movil, SAB de CV (AMX) is listed at $16.92 – Stocks Gallery (stocksgallery.com)
- AQR Capital Management LLC Reduces Position in Nuance Communications, Inc. (NUAN) (latribunadecanarias.com)
- Westpac Banking Corp Sells 3192 Shares of Nuance Communications, Inc. (NASDAQ:NUAN) (ismboard.com)
- Nuance Communications, Inc. (NASDAQ:NUAN) Position Increased by Comerica Bank (badhub.net)
Shares of Nuance Communications (NASDAQ NUAN) opened at 17.28 on Tuesday. The stock’s market capitalization is $4.97 billion. Nuance Communications has a 52-week low of $13.44 and a 52-week high of $19.93. The firm has a 50-day moving average price of $18.70 and a 200-day moving average price of $17.07.
Nuance Communications (NASDAQ:NUAN) last released its quarterly earnings results on Tuesday, May 9th. The software maker reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.25 by $0.04. The firm had revenue of $511.10 million for the quarter, compared to the consensus estimate of $506.83 million. Nuance Communications had a negative net margin of 2.57% and a positive return on equity of 15.76%. Nuance Communications’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.38 earnings per share. On average, analysts predict that Nuance Communications will post $1.18 EPS for the current year.
A number of analysts recently commented on the company. Zacks Investment Research raised Nuance Communications from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 12th. BidaskClub downgraded Nuance Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Deutsche Bank AG reaffirmed a “buy” rating and set a $25.00 price target on shares of Nuance Communications in a research report on Monday, June 12th. Barclays PLC reaffirmed a “buy” rating and set a $22.00 price target on shares of Nuance Communications in a research report on Friday, May 12th. Finally, Stifel Nicolaus increased their price target on Nuance Communications from $16.00 to $19.00 and gave the company a “hold” rating in a research report on Wednesday, May 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $21.25.
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In other news, insider Daniel David Tempesta sold 7,500 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $17.42, for a total transaction of $130,650.00. Following the transaction, the insider now directly owns 283,810 shares of the company’s stock, valued at approximately $4,943,970.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Adam Bruce Bowden sold 2,000 shares of the stock in a transaction on Wednesday, April 19th. The shares were sold at an average price of $17.01, for a total value of $34,020.00. Following the transaction, the vice president now directly owns 188,290 shares in the company, valued at $3,202,812.90. The disclosure for this sale can be found here. Insiders have sold a total of 202,861 shares of company stock worth $3,835,693 over the last three months. Insiders own 1.67% of the company’s stock.
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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