Media stories about Nuance Communications (NASDAQ:NUAN) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Nuance Communications earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave press coverage about the software maker an impact score of 46.0587888030544 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- Fairpointe adds to shareholder demands over Nuance CEO plan (finance.yahoo.com)
- Nuance Unveils Cognitive Arbitrator to Connect Virtual Assistants (lightreading.com)
- Nuance Announces New AI-Powered Dragon Drive Features that Transform the Automotive Experience, Bridging the Gap Between In-Car and Outside-the-Car Experiences and Delivering Innovation for the Car of the Future (finance.yahoo.com)
- More Brains are Better Than One: Nuance’s New Cognitive Arbitrator Connects Virtual Assistants in the Smart Home, Car, and Enterprise (finance.yahoo.com)
Several equities analysts have recently issued reports on the stock. Oppenheimer reissued a “buy” rating and set a $23.00 price target on shares of Nuance Communications in a report on Monday, December 18th. BidaskClub raised shares of Nuance Communications from a “sell” rating to a “hold” rating in a report on Friday, December 15th. Zacks Investment Research raised shares of Nuance Communications from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Tuesday, December 5th. TheStreet downgraded shares of Nuance Communications from a “c” rating to a “d+” rating in a report on Tuesday, November 28th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $18.00 price target (down previously from $19.00) on shares of Nuance Communications in a report on Wednesday, November 29th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $20.50.
Nuance Communications (NASDAQ:NUAN) last posted its quarterly earnings data on Tuesday, November 28th. The software maker reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.05. The business had revenue of $474.70 million during the quarter, compared to the consensus estimate of $457.09 million. Nuance Communications had a negative net margin of 7.75% and a positive return on equity of 12.15%. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.41 earnings per share. sell-side analysts expect that Nuance Communications will post 0.81 EPS for the current fiscal year.
In related news, EVP Kenneth M. Siegel sold 4,682 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $14.40, for a total value of $67,420.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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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