Short Term Rating on Nuance Communications (NUAN)

Nuance Communications (NUAN) : The consensus on Nuance Communications (NUAN) based on 9 analyst recommendation on the company stock is 2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Nuance Communications (NUAN) : 7 investment research analysts covering Nuance Communications (NUAN) have an average price target of $23.57 for the near short term. The highest target price given by the Brokerage Firm to the stock is $30 and the lowest target is $18 for the short term. Analysts expect the variance to be within $4.32 of the average price.

For the current week, the company shares have a recommendation consensus of Buy.


Nuance Communications (NASDAQ:NUAN): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.98 and $15.95 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.23. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.12, notching a gain of 1.45% for the day. The total traded volume was 1,542,370 . The stock had closed at $15.89 on the previous day.

Nuance Communications, Inc. is a provider of voice and language solutions for businesses and consumers across the world. The Companys 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 Companys solutions are based on the Companys 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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