Nuance Communications Stock Price, Forecast & Analysis (NASDAQ:NUAN)

Nuance Communications trades on the NASDAQ under the ticker symbol "NUAN."

Nuance Communications announced that its board has initiated a share buyback plan on Wednesday, August 8th 2018, which permits the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 10.9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its shares are undervalued.

Nuance Communications Inc. (NASDAQ:NUAN) issued its quarterly earnings results on Wednesday, August, 8th. The software maker reported $0.27 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.27. The software maker had revenue of $502.89 million for the quarter, compared to analysts' expectations of $495.53 million. Nuance Communications had a return on equity of 13.93% and a net margin of 3.88%. The company's revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.30 earnings per share. View Nuance Communications' Earnings History.

3 brokers have issued 12-month price targets for Nuance Communications' stock. Their forecasts range from $15.00 to $22.00. On average, they expect Nuance Communications' share price to reach $18.00 in the next year. This suggests a possible upside of 8.4% from the stock's current price. View Analyst Price Targets for Nuance Communications.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nuance Communications in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Nuance Communications.

Media stories about NUAN stock have been trending positive recently, InfoTrie reports. The research group ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Nuance Communications earned a news impact score of 3.0 on InfoTrie's scale. They also assigned news articles about the software maker a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the next few days. View News Stories for Nuance Communications.

Nuance Communications saw a drop in short interest in October. As of October 31st, there was short interest totalling 9,150,000 shares, a drop of 6.9% from the September 30th total of 9,830,000 shares. Based on an average daily volume of 2,180,000 shares, the days-to-cover ratio is currently 4.2 days. Approximately 3.2% of the company's stock are sold short. View Nuance Communications' Current Options Chain.

Some companies that are related to Nuance Communications include Adobe (ADBE), salesforce.com (CRM), Intuit (INTU), Workday (WDAY), Autodesk (ADSK), Synopsys (SNPS), ANSYS (ANSS), Cadence Design Systems (CDNS), Splunk (SPLK), SS&C Technologies (SSNC), Citrix Systems (CTXS), Tyler Technologies (TYL), Fair Isaac (FICO), Guidewire Software (GWRE) and FactSet Research Systems (FDS).

Based on aggregate information from My MarketBeat watchlists, some companies that other Nuance Communications investors own include Micron Technology (MU), NVIDIA (NVDA), Intel (INTC), General Electric (GE), Advanced Micro Devices (AMD), Seventy Seven Energy (SSEIQ), Gilead Sciences (GILD), QUALCOMM (QCOM), Alibaba Group (BABA) and Walt Disney (DIS).

Nuance Communications' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Handelsbanken Fonder AB (0.89%), Peregrine Capital Management LLC (0.50%), Fisher Asset Management LLC (0.41%), Strs Ohio (0.37%), CWM LLC (0.33%) and California Public Employees Retirement System (0.22%). Company insiders that own Nuance Communications stock include Alvaro Monserrat, Arthur G Giterman, Daniel David Tempesta, Mark D Benjamin, Mark R Laret, Nuance Communications, Inc, Robert Weideman, Stefan Ortmanns and Thomas L Beaudoin. View Institutional Ownership Trends for Nuance Communications.

NUAN stock was sold by a variety of institutional investors in the last quarter, including Canal Insurance CO, Lapides Asset Management LLC, Eagle Asset Management Inc., State of Alaska Department of Revenue, Gateway Investment Advisers LLC, Systematic Financial Management LP, Janney Montgomery Scott LLC and Farmers & Merchants Investments Inc.. Company insiders that have sold Nuance Communications company stock in the last year include Alvaro Monserrat, Arthur G Giterman, Daniel David Tempesta, Mark D Benjamin, Mark R Laret, Nuance Communications, Inc, Robert Weideman, Stefan Ortmanns and Thomas L Beaudoin. View Insider Buying and Selling for Nuance Communications.

NUAN stock was bought by a variety of institutional investors in the last quarter, including Handelsbanken Fonder AB, Strs Ohio, CWM LLC, State of New Jersey Common Pension Fund D, Fisher Asset Management LLC, Chicago Equity Partners LLC, Handelsinvest Investeringsforvaltning and California Public Employees Retirement System. View Insider Buying and Selling for Nuance Communications.

Shares of NUAN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of NUAN stock can currently be purchased for approximately $16.60.

Nuance Communications has a market capitalization of $4.74 billion and generates $2.05 billion in revenue each year. The software maker earns $-159,920,000.00 in net income (profit) each year or $0.81 on an earnings per share basis. Nuance Communications employs 10,400 workers across the globe.View Additional Information About Nuance Communications.

The official website for Nuance Communications is http://www.nuance.com/.

Nuance Communications' mailing address is 1 WAYSIDE ROAD, BURLINGTON MA, 01803. The software maker can be reached via phone at 781-565-5000 or via email at [email protected]