- Wedbush downgrades Nuance Communications (NUAN) to Neutral from Outperform, lowering its price target to $15 from $22, saying the acceleration in business model transition and investments creates incremental risk heading into 2014.
- "Nuance reported F4Q slightly ahead of estimates, but issued FY14 EPS guidance meaningfully below expectations. While the business model transition issues have been ongoing for some time: (1) shift toward cloud-based services in mobile and enterprise, (2) move toward EMR-based Dragon Medical sales in healthcare and away from cloud-based eScription, it appears the trends have accelerated, creating incremental visibility concerns and risk heading into FY14. At the same time, Nuance is ramping investments in several areas, putting additional pressure on margins. With the continued uncertainty associated with the business model shifts, limited forward visibility into revenue and margins, and lack of near-term catalysts, we are lowering our rating to Neutral."
- NUAN closed at $15.99 yesterday, with a 52-week range of $15.34-24.85. Shares fell 5% after the close.
Are you Bullish or Bearish on ?
Results for ()
Thanks for sharing your thoughts.
From other sites
at Nasdaq.com (Wed, 10:57AM)
at CNBC.com (Jan 9, 2015)
at Benzinga.com (Jan 6, 2015)
at CNBC.com (Dec 9, 2014)
at CNBC.com (Nov 25, 2014)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs