Revenue Update on Nuance Communications(NASDAQ:NUAN)

Nuance Communications(NASDAQ:NUAN) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-hours on Nov 17, 2016. Company reported revenue of $512.45M. Analysts estimated a revenue of $505.10M. The revenues were $7.35M or 1.45% above the estimates. Earnings per share were $0.41. The reported EPS was above estimates by $0.02 or 5.13%. Analysts had estimated an EPS of $0.39.

Nuance Communications (NUAN) made into the market gainers list on Mondays trading session with the shares advancing 8.75% or 1.36 points. Due to strong positive momentum, the stock ended at $16.91, which is also near the day’s high of $17.47. The stock began the session at $16.67 and the volume stood at 1,31,83,021 shares. The 52-week high of the shares is $21.825 and the 52 week low is $13.44. The company has a current market capitalization of $4,730 M and it has 27,96,89,800 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Nov 3, 2016, Adam Bruce Bowden (Executive VP Corporate Strateg) sold 4,000 shares at $13.96 per share price.Also, 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.

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