Nuance Communications (NUAN): Record Results Offset CEO Retiring - Oppenheimer

November 18, 2016 6:40 AM EST
Get Alerts NUAN Hot Sheet
Price: $15.97 --0%

Rating Summary:
    7 Buy, 10 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 28 | Down: 20 | New: 17
Trade NUAN Now!
Join SI Premium – FREE

Get access to the best calls on Wall Street with's Ratings Insider Elite. Get your Free Trial here.

Oppenheimer analyst, Shaul Eyal, reiterated his Outperform rating on shares of Nuance Communications (NASDAQ: NUAN) after the company reported positive F4Q16 results, exceeding guidance and beating consensus revenue, operating margin, EPS, and CFFO estimates.

The results were driven by strong top-line growth and margin improvement in the Enterprise segment ($109M, +23.3% YoY). Imaging ($66.4M, +7.3%) also performed well following its Power PDF 2.0 launch, while making significant operational improvements (profit margin of 47% vs. 36% in F3Q16). Healthcare ($239.8M, -0.6% YoY) fell short of the Street's $247.3M (despite record net new bookings), impacted by the declining transcription business. NUAN's longstanding Chairman & CEO, Paul Ricci, has advised the BOD of his plans to retire in F1H18 following his contract completion.

No change to the price target of $26.

For an analyst ratings summary and ratings history on Nuance Communications click here. For more ratings news on Nuance Communications click here.

Shares of Nuance Communications closed at $15.55 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst PT Change, Earnings

Add Your Comment