Nuance Communications, Inc.
 (NUAN)

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  • Tue, Feb. 9, 4:50 PM
    • With an FQ1 beat in tow, Nuance (NASDAQ:NUAN) is hiking its FY16 (ends Sep. '16) EPS guidance to $1.41-$1.51 from $1.35-$1.45; consensus is at $1.43. Revenue guidance of $1.98B-$2.03B is reiterated.
    • FQ2 guidance is in-line: Revenue of $483M-$497M and EPS of $0.33-$0.36 vs. a consensus of $493.5M and $0.34.
    • Bookings: Net new bookings rose 2% Y/Y in FQ1 to $308.7M. On-demand and maintenance/support contract growth led the deferred revenue balance to rise 18% to $732.7M. FY16 net new bookings growth guidance of 2%-5% is reiterated.
    • Financials: Lifting EPS: $188.7M was spent to buy back 8.9M shares at an average price of $21.11. Also helping: Cost cuts led GAAP operating expenses to drop 11% Y/Y to $248.7M - non-GAAP op. margin rose to 28.6% from 22% a year ago.

      Nuance ended FQ1 with $595M in cash/investments and $2.12B in debt. The company's FY16 net cash tax rate guidance has been lowered to 5%-6% from 6%-7%.
    • NUAN -1.5% after hours to $15.92.
    • Nuance's FQ1 results, earnings release, prepared remarks (.pdf)
    • Update (5:10PM ET): Nuance is now up 5.5% after hours to $17.30.
    | Tue, Feb. 9, 4:50 PM | 2 Comments
  • Mon, Jan. 25, 5:41 PM
    • Top gainers, as of 5.25 p.m.: TCK +10.9%. JMEI +10.6%. PETX +9.7%. CPG +9.5%. PDS +9.1%.
    • Top losers, as of 5.25p.m.: PPP -3.1%. CNC -1.9%. CSCO -1.2%. NUAN -0.9%. GRPN -0.8%.
    | Mon, Jan. 25, 5:41 PM | 9 Comments
  • Nov. 17, 2015, 12:47 PM
    | Nov. 17, 2015, 12:47 PM | 8 Comments
  • Nov. 17, 2015, 9:16 AM
    | Nov. 17, 2015, 9:16 AM
  • Nov. 16, 2015, 5:43 PM
    • Top gainers, as of 5.25 p.m.: OCRX +29.5%. NUAN +6.5%. EROS +3.5%. ARWR +2.6%. SUNE +2.0%.
    • Top losers, as of 5.25p.m.: URBN -9.8%. MAR -2.7%. BBD -2.4%. C -2.2%. RF -2.2%.
    | Nov. 16, 2015, 5:43 PM | 6 Comments
  • Nov. 16, 2015, 4:44 PM
    • Nuance (NASDAQ:NUAN) has guided in its earnings slides (.pdf) for FQ1 revenue of $486M-$498M and EPS of $0.31-$0.33 vs. a consensus of $490.6M and $0.31. FY16 (ends Sep. '16) guidance is for revenue of $1.98B-$2.03B and EPS of $1.35-$1.45 vs. a consensus of $2.01B and $1.38.
    • Bookings: Nuance expects 2%-5% FY16 net new bookings growth, after having posted 4% growth in FY15 (at the high end of a prior 1%-4% guidance range). FQ4 net new bookings were up 9% Y/Y. The estimated 3-year value of on-demand contracts was at $2.3B at the end of FQ4 vs. $2.25B a year earlier. Thanks to the shift towards on-demand/subscription services, deferred revenue rose 22% Y/Y to $668.2M.
    • FQ4 segment performance: Healthcare revenue +1% Y/Y to $241.2M. Mobile/consumer -1% to $121.8M. Enterprise -10% to $88.4M. Imaging -11% to $61.9M. The Dragon Medical voice recognition platform and Cllintegrity documentation software were strong points for healthcare, while transcription volume declined. Mobile/consumer benefited from automotive, consumer electronics, and mobile carrier growth, offset by mobile phone weakness and soft Dragon desktop demand.
    • Financials: 68% of FQ4 revenue was recurring, and 23% from licenses.  Boosting EPS: Operating expenses (non-GAAP) fell 12% Y/Y to $175.4M with the help of job cuts. $56.5M was spent on buybacks. Nuance ended FQ4 with $569M in cash, and over $2.1B in debt.
    • Shares have jumped to $18.14 after hours.
    • Nuance's FQ4 beat, PR
    | Nov. 16, 2015, 4:44 PM | 1 Comment
  • Aug. 24, 2015, 4:29 PM
    • The Nasdaq opened down 7.5%, furiously rallied almost to breakeven, and then sold off again in the afternoon to close down 3.8%. Some tech stocks managed to rise nonetheless, while many others posted 5%+ declines.
    • Major decliners included Citrix (CTXS -9.3%), Solera (SLH -8.9%), NCR (NCR -7.8%), Nuance (NUAN -6.9%), Infinera (INFN -6.4%), HomeAway (AWAY -6.6%), MagnaChip (MX -6.4%), Yandex (YNDX -7.5%), Neustar (NSR -6%), Ebix (EBIX -7.3%), SGI (SGI -8%), Monster (MWW -7.5%), Silver Spring (SSNI -6.6%), Perion (PERI -11%), and Synchronoss (SNCR -7.5%).
    • Solera's decline comes 4 days after the company confirmed it's exploring strategic alternatives, and 5 days after Bloomberg reported a sale is being explored. Yandex has been hit hard in recent weeks by the ruble and crude oil's decline. Infinera is down 20% over the last 3 trading days, albeit still up 34% YTD.
    • See also: Morning decliners, Chinese tech stocks, large-cap decliners
    | Aug. 24, 2015, 4:29 PM | 1 Comment
  • Aug. 6, 2015, 4:40 PM
    • Though officially beating consensus, Nuance's (NASDAQ:NUAN) FQ3 results were in-line with the guidance provided in its July 21 pre-announcement. In its prepared remarks (.pdf), the voice recognition software giant has guided for FQ4 revenue of $497M-$513M and EPS of $0.33-$0.37 vs. a consensus of $509.4M and $0.35.
    • Bookings: Net new bookings rose 47% Y/Y in FQ3 to $484.4M, aided by several "unusually large" automotive contracts and strong healthcare bookings. Over the first 3 quarters of FY15, bookings are up a modest 2% to $1.09B. In spite of the strong FQ3 performance, Nuance still only expects 1%-4% FY15 net new bookings growth.
    • Segment performance: Healthcare revenue -1% Y/Y to $236.8M; op. profit of $81.8M (over half of total op. profit). Mobile/consumer -5% to $108.5M; op. profit of $27M. Enterprise nearly flat at $87M; op. profit of $24.9M. Imaging -8% to $56.3M; op. profit of $21.8M. Total FQ3 organic revenue growth was -3% (+1% exc. forex).
    • Financials: Op. margin rose 290 bps Y/Y to 26.4%. A 210 bps increase in gross margin to 63.1% helped, as did a $3.2M drop in operating expenses to $179.2M. $122.4M was spent on buybacks. Nuance ended FQ3 with $489M in cash/investments, and $2.12B in debt.
    • Shares have dropped to $17.00 AH.
    • FQ3 results, PR
    | Aug. 6, 2015, 4:40 PM
  • Jul. 22, 2015, 5:41 PM
    | Jul. 22, 2015, 5:41 PM | 2 Comments
  • Jul. 21, 2015, 10:09 PM
    • Nuance (NASDAQ:NUAN) now expects to report FQ3 (calendar Q2) revenue of $485M-$489M and EPS of $0.31-$0.32. That's better than prior guidance of $468M-$482M and $0.25-$0.29, and a consensus of $477M and $0.28. Formal FQ3 results arrive on Aug. 6.
    • The voice recognition software giant also announces Tom Beaudoin, its CFO since 2008, is leaving at month's end to "pursue an opportunity at a smaller, privately held company." Finance SVP/chief accounting officer Daniel Tempesta will replace him.
    • Shares rose to $17.59 in AH trading. The 52-week high is $18.66.
    | Jul. 21, 2015, 10:09 PM
  • Jul. 21, 2015, 5:40 PM
    | Jul. 21, 2015, 5:40 PM | 13 Comments
  • Jun. 3, 2015, 9:51 AM
    • Raymond James has upgraded Nuance (NASDAQ:NUAN) to Outperform, and set a $22 target.
    • Shares have made new 2015 highs, and are up 22% YTD. They jumped last month in response to an FQ2 beat, a $500M buyback hike, and solid FY15 EPS guidance.
    | Jun. 3, 2015, 9:51 AM | 5 Comments
  • May 7, 2015, 4:23 PM
    • Nuance (NASDAQ:NUAN) uses its FQ2 report to state it's adding $500M to its buyback, bringing its total aurhorization to $591.7M. $120.3M was spent in FQ2 to buy back 8.56M shares at an average price of $14.06.
    • The company guided in its prepared remarks (.pdf) for FY15 (ends Sep. '15) revenue of $1.94B-$1.98B and EPS of $1.13-$1.23; the former is unfavorable to a $1.98B consensus, but the latter is above a $1.12 consensus. FQ3 guidance is for revenue of $468M-$482M and EPS of $0.25-$0.29, mostly below a consensus of $487.7M and $0.28.
    • FY15 net new bookings growth guidance has been cut to 1%-4% from a prior 4%-5%. A strong dollar is now expected to have a $55M impact on FY15 revenue ($10M worse than previously forecast), and a $32M impact on net new bookings.
    • Net new bookings fell 27% Y/Y in FQ2 to $304.7M, thanks largely to a $100M connected car deal booked a year ago. However, the deferred revenue balance rose 26.3% Y/Y to $637.8M.
    • Healthcare revenue (47% of total revenue) -4% Y/Y; mobile/consumer +9%, enterprise -7%; imaging -7%. In addition to buybacks, EPS got a lift from a 7% Y/Y drop in GAAP operating expenses to $245.3M.
    • Nuance has risen to $15.82 AH.
    • FQ2 results, PR
    | May 7, 2015, 4:23 PM
  • May 7, 2015, 4:04 PM
    • Nuance Communications (NASDAQ:NUAN): FQ2 EPS of $0.30 beats by $0.06.
    • Revenue of $488.06M (-0.4% Y/Y) beats by $7.06M.
    • Shares +2.75%.
    | May 7, 2015, 4:04 PM | 10 Comments
  • Apr. 23, 2015, 2:28 PM
    • Nuance (NASDAQ:NUAN) is sharply higher on volume of 2.19M shares (above a 3-month daily average of 1.89M). Shares (largely range-bound this year) have risen to their highest levels since December.
    • Earlier today, the voice recognition software/services provider announced its FQ2 (calendar Q1) report would arrive on May 7. With Nuance having provided light guidance in February (thanks in part to soft mobile/consumer demand), expectations are low.
    | Apr. 23, 2015, 2:28 PM | 5 Comments
  • Mar. 19, 2015, 1:09 PM
    • As part of a broader transfer of coverage for healthcare tech names, Baird has upgraded Cerner (CERN +3.3%) to Outperform, and hiked its target by $12 to $77. Allscripts (MDRX +3.6%) has been launched at Outperform, and assigned a $16 target. Quality Systems (QSII -1.1%) has been downgraded to Neutral.
    • Also: Allscripts has announced it's partnering with healthcare voice recognition software vendor NoteSwift to resell NoteSwift's offerings with Allscripts' Professional EHR health record software, in response to customer demand. Nuance's (NASDAQ:NUAN) Dragon Medical powers NoteSwift's software.
    • Cerner has made new highs. RBC downgraded Quality Systems last week.
    | Mar. 19, 2015, 1:09 PM
Company Description
Nuance Communications Inc is a provider of voice recognition solutions and natural language understanding technologies. The Company offers its solutions to banks and hospitals to airlines, carriers, and car manufacturers.
Sector: Technology
Country: United States