Nuance Communications (NUAN) Receiving Somewhat Negative Press Coverage, AlphaOne Reports

News articles about Nuance Communications (NASDAQ:NUAN) have been trending somewhat negative on Saturday, according to Alpha One Sentiment Analysis. The research firm, a subsidiary of Accern, ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Nuance Communications earned a news sentiment score of -0.04 on Alpha One’s scale. Alpha One also assigned news stories about the software maker an impact score of 89 out of 100, indicating that recent news coverage is very likely to have an impact on the company’s share price in the immediate future.

Here are some of the news stories that may have effected AlphaOne Sentiment Analysis’s rankings:

Nuance Communications (NASDAQ:NUAN) opened at 18.86 on Friday. Nuance Communications has a 1-year low of $13.44 and a 1-year high of $19.93. The company’s market cap is $5.43 billion. The company’s 50 day moving average is $17.69 and its 200 day moving average is $16.39.

Nuance Communications (NASDAQ:NUAN) last released its earnings results on Tuesday, May 9th. The software maker reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.04. The business had revenue of $511.10 million for the quarter, compared to analysts’ expectations of $506.83 million. Nuance Communications had a negative net margin of 1.24% and a positive return on equity of 15.22%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.38 earnings per share. Equities research analysts forecast that Nuance Communications will post $1.18 EPS for the current year.

A number of analysts have issued reports on NUAN shares. Canaccord Genuity reiterated a “buy” rating and issued a $20.00 price target on shares of Nuance Communications in a report on Friday, February 3rd. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $26.00 price objective on shares of Nuance Communications in a research note on Thursday, February 9th. Citigroup Inc reissued an “outperform” rating on shares of Nuance Communications in a research note on Wednesday, February 8th. Zacks Investment Research cut shares of Nuance Communications from a “hold” rating to a “sell” rating in a research note on Saturday, February 11th. Finally, Barclays PLC lifted their price target on shares of Nuance Communications from $19.00 to $20.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $22.00.

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In related news, EVP Robert C. Schassler sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $17.04, for a total transaction of $596,400.00. Following the sale, the executive vice president now directly owns 237,036 shares of the company’s stock, valued at approximately $4,039,093.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Adam Bruce Bowden sold 2,000 shares of the stock in a transaction on Wednesday, April 19th. The stock was sold at an average price of $17.01, for a total value of $34,020.00. Following the completion of the sale, the vice president now directly owns 188,290 shares in the company, valued at $3,202,812.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,225 shares of company stock worth $1,292,743. Corporate insiders own 1.67% of the company’s stock.

Nuance Communications Company Profile

Nuance Communications, Inc is a provider of voice recognition and natural language understanding solutions. The Company’s segments include Healthcare, Mobile, Enterprise and Imaging. The Healthcare segment provides clinical speech and clinical language understanding solutions. The solutions for the Healthcare segment include transcription solutions, Dragon Medical, and clinical document improvement (CDI) and coding solutions.

12 Month Chart for NASDAQ:NUAN

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