Needham & Company Starts Nuance Communications (NUAN) at Buy; Deep IP Library, Plus Market Omnipresence Seems Defensible and Should Grow

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Needham & Company initiates coverage on Nuance Communications (NASDAQ: NUAN) with a Buy. PT $25.

Needham analyst says, "NUAN is a category leader in infrastructure software, specifically for speech recognition software used in consumer/mobile devices, and in customer care (call center) environments. After a focus for the last 12-18mos on the integration of several acquisitions, and on operating margin expansion, Nuance is now shifting its focus back to top-line revenue growth. We anticipate FY11-12 to show a combination of growth through organic efforts as well as growth by acquisition. It is our belief consensus revenue may be conservative, and may drive EPS expansion."

For more ratings news on Nuance Communications click here and for the rating history of Nuance Communications click here.

Shares of Nuance Communications closed at $17.94 yesterday, with a 52 week range of $14.45-$20.97.

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