Nuance Communications, Inc. (NUAN)

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Nuance Communications Target of Unusually Large Options Trading (NUAN)

Posted by Hasmir Abdula on Jan 13th, 2015 // No Comments

Nuance Communications logoShares of Nuance Communications (NASDAQ:NUAN) were the recipient of unusually large options trading on Monday. Investors bought 14,397 call options on the stock, AmericanBankingNews.com reports. This is an increase of approximately 923% compared to the average volume of 1,407 call options.
A number of research firms have recently commented on NUAN. Analysts at Goldman Sachs downgraded shares of Nuance Communications from a “neutral” rating to a “sell” rating in a research note on Friday. They now have a $11.00 price targeton the stock, down previously from $14.00. Analysts at Zacks upgraded shares of Nuance Communications from a “neutral” rating to an “outperform” rating in a research note on Monday, December 22nd. They now have a $15.90 price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Nuance Communications in a research note on Tuesday, November 25th. They now have a $20.00 price target on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. Nuance Communications presently has a consensus rating of “Buy” and a consensus price target of $16.32.
Nuance Communications (NASDAQ:NUAN) traded up 0.74% on Monday, hitting $13.61. 4,575,870 shares of the company’s stock traded hands. Nuance Communications has a one year low of $13.40 and a one year high of $19.61. The stock’s 50-day moving average is $14.47 and its 200-day moving average is $16.0. The company’s market cap is $4.357 billion.
Nuance Communications (NASDAQ:NUAN) last issued its quarterly earnings data on Monday, November 24th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.06. The company had revenue of $502.30 million for the quarter, compared to the consensus estimate of $510.80 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, analysts predict that Nuance Communications will post $1.13 earnings per share for the current fiscal year.
Nuance Communications, Inc is a provider of voice and language solutions for businesses and consumers globally.
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http://www.mideasttime.com/nuance-communications-target-of-unusually-large-options-trading-nuan/304079/

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