Needham & Company Gives Buy Rating to Nuance Communications (NUAN)

By admin | 6 years ago

Nuance Communications (NASDAQ: NUAN)‘s stock had its “buy” rating restated by analysts at Needham & Company in a research report issued to clients and investors on Friday.

A number of other analysts have also recently weighed in on NUAN. 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. 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 traded down 1.86% on Friday, hitting $22.6699. 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 $6.921 billion and a price-to-earnings ratio of 165.00.

Nuance Communications last announced its 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. On average, analysts predict that Nuance Communications will post $0.48 earnings per share next quarter.

Nuance Communications, Inc. is a provider of voice and language solutions for businesses and consumers around the world.

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