UBS Maintains Nuance Communications to Neutral with Price Target $17.00

Brokerage firm UBS Maintains its rating on Nuance Communications(NASDAQ:NUAN). In a research note issued to the investors, the brokerage major Lowers the price-target to $17.00 per share. The shares have been rated Neutral. The rating by UBS was issued on Aug 9, 2016.

Nuance Communications (NUAN) shares turned negative on Wednesdays trading session with the shares closing down -0.28 points or -1.88% at a volume of 38,94,994. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $14.77. The peak price level was also seen at $14.77 while the days lowest was $14.41. Finally the shares closed at $14.58. The 52-week high of the shares is $21.825 while the 52-week low is $14.37. According to the latest information available, the market cap of the company is $4,078 M.

Nuance Communications(NUAN) last announced its earnings results on Aug 8, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $484.86M. Analysts had an estimated revenue of $489.54M. Earnings per share were $0.38. Analysts had estimated an EPS of $0.37.

Several Insider Transactions has been reported to the SEC. On Aug 3, 2016, Adam Bruce Bowden (Executive VP Corporate Strateg) sold 6,000 shares at $16.03 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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