Canaccord Genuity Reiterates a 'Buy' on Nuance (NUAN); Low End of Range Results In Miss, Focus on Backlog and Pipeline
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Price: $55.99 --0%
Rating Summary:
8 Buy, 9 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
8 Buy, 9 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Canaccord Genuity reiterates a 'Buy' on Nuance Communications (NASDAQ: NUAN) price target of $30.00.
Analsyt, Richard Davis, said, "Nuance scuffled numbers-wise, which given the stocks’ rise over the past few months and residual “it’s too good to be true” skepticism will shake investors’ confidence, and we believe the stock will be punished by 5-10% today. The reality for those not rushing to panic sell is that on almost every important metric, Nuance’s business is healthier today than it has been at any point in the 12 years this analyst has followed the company. We defend the stock here and would be thrilled to be able to buy the shares on what we fully expect to be a temporary downdraft."
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.
Analsyt, Richard Davis, said, "Nuance scuffled numbers-wise, which given the stocks’ rise over the past few months and residual “it’s too good to be true” skepticism will shake investors’ confidence, and we believe the stock will be punished by 5-10% today. The reality for those not rushing to panic sell is that on almost every important metric, Nuance’s business is healthier today than it has been at any point in the 12 years this analyst has followed the company. We defend the stock here and would be thrilled to be able to buy the shares on what we fully expect to be a temporary downdraft."
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.
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