Oppenheimer Positive On Nuance (NUAN) On Read-Through From Apple's Strong iPhone Results
Tweet
Share
E-mailGet Alerts NUAN Hot Sheet
Price: $55.99 --0%
Rating Summary:
8 Buy, 9 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 20
Rating Summary:
8 Buy, 9 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 20
Join SI Premium – FREE
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- William Blair Downgrades Enovix Corporation (ENVX) to Market Perform
- Securitize Corp (SECZ) PT Lowered to $10 at Benchmark as Stock Plummets Post Q2 Earnings
- AppLovin Corp (APP) PT Lowered to $440 at Benchmark to Reflect Maturing Gaming Business
Create E-mail Alert Related Categories
Analyst CommentsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
