Wedbush Maintains an 'Underperform' on Nuance (NUAN); What Siri Effect? Reports Slightly Disappointing 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: 5 | Down: 4 | New: 6
Rating Summary:
8 Buy, 9 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 5 | Down: 4 | New: 6
Join SI Premium – FREE
Wedbush maintains an 'Underperform' on Nuance Communications (NASDAQ: NUAN) price target of $18.00.
Analyst, Scott Sutherland, said, "Given the increased interest in speech, we were surprised Nuance reported a slight miss to expectations and slightly reduced guidance after the inclusion of Vlingo and buyback. Given slowing Mobile & Consumer growth, weak cash flow, and stretched valuation at 27x FY13 FCF despite only 10% organic revenue growth, we remain cautious and expect shares to trade off sharply."
"While we like the speech market, the cash flow lag, slowing organic growth, and valuation remain concerns...Slightly lowering estimates despite Vlingo acquisition and buyback."
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 $30.45 yesterday.
Analyst, Scott Sutherland, said, "Given the increased interest in speech, we were surprised Nuance reported a slight miss to expectations and slightly reduced guidance after the inclusion of Vlingo and buyback. Given slowing Mobile & Consumer growth, weak cash flow, and stretched valuation at 27x FY13 FCF despite only 10% organic revenue growth, we remain cautious and expect shares to trade off sharply."
"While we like the speech market, the cash flow lag, slowing organic growth, and valuation remain concerns...Slightly lowering estimates despite Vlingo acquisition and buyback."
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 $30.45 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Berenberg Upgrades Accelleron Industries AG (ACLN:SW) to Buy
- Raymond James Downgrades Accelerant Holdings (ARX) to Market Perform
- JPMorgan Upgrades PhysicsWallah Ltd (PWL:IN) to Overweight
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewSign 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!
