Oppenheimer Positive On Nuance (NUAN) On Read-Through From Apple's Strong iPhone Results
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Price: $55.99 --0%
Rating Summary:
8 Buy, 9 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
Rating Summary:
8 Buy, 9 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
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Oppenheimer made comments on Outperform-rated Nuance Communications (NASDAQ: NUAN) following blowout results from Apple (Nasdaq: AAPL).
The firm notes that Nuance provides the backbone for Apple's Siri voice recognition technology in the iPhone 4s and said Apple's strong iPhone results "could be viewed as yet another indicator to the healthy trends NUAN is seeing at its Mobile division."
They also note that NUAN has positively pre-announced results the past two quarters and said that while a third pre-announcement may not be in the making "we view AAPL's results as a proxy to NUAN's Mobile division ongoing growth and traction."
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 $27.99 yesterday.
The firm notes that Nuance provides the backbone for Apple's Siri voice recognition technology in the iPhone 4s and said Apple's strong iPhone results "could be viewed as yet another indicator to the healthy trends NUAN is seeing at its Mobile division."
They also note that NUAN has positively pre-announced results the past two quarters and said that while a third pre-announcement may not be in the making "we view AAPL's results as a proxy to NUAN's Mobile division ongoing growth and traction."
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 $27.99 yesterday.
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