Canaccord Genuity Gives Buy Rating to Nuance Communications (NUAN)
Nuance Communications opened at 23.10 on Friday. Nuance Communications has a 52-week low of $15.56 and a 52-week high of $31.15. The company has a market cap of $7.052 billion and a price-to-earnings ratio of 165.00.
Nuance Communications last posted its quarterly earnings results on Thursday, May 10th. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.42 by $0.01. The company’s quarterly revenue was up 25.8% on a year-over-year basis. Analysts expect that Nuance Communications will post $0.48 EPS next quarter.
Other equities research analysts have also recently issued reports about the stock. Analysts at Needham & Company reiterated a “buy” rating on shares of Nuance Communications in a research note to investors on Friday. Separately, analysts at Mizuho cut their price target on shares of Nuance Communications from $32.00 to $28.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, analysts at Wells Fargo & Co. (NYSE: WFC) initiated coverage on shares of Nuance Communications in a research note to investors on Monday, March 5th. They set a “market perform” rating on the stock.
Nuance Communications, Inc. is a provider of voice and language solutions for businesses and consumers around the world.