Nuance Communications, Inc.(NUAN)- NASDAQ
  • Tue, May 10, 5:37 PM
    | Tue, May 10, 5:37 PM
  • Tue, May 10, 4:57 PM
    • Nuance Communications (NASDAQ:NUAN) is off 7% following mixed fiscal Q2 earnings and revenue guidance for the upcoming quarter and year on the light side of analyst expectations.
    • Revenues were flat as product sales dipped more than 9%. The company posted a $7M loss in GAAP terms
    • Cash flow from operations rose 33% to a record $159.9M.
    • Revenue breakout (GAAP): Product and licensing, $158.6M (down 9.1%); Professional services and hosting, $240.2M (up 7%); Maintenance and support, $79.9M (up 5%).
    • Conference call to come at 5 p.m. ET.
    • In prepared remarks it circulated before the call, the company guided to fiscal Q3 revenues (non-GAAP) of $483M-$497M (vs. $496M consensus), and EPS of $0.35-$0.38 (vs. expected $0.36). For the full year, it sees revenues of $1.975B-$2.005B (vs. consensus of $2.006B) and EPS of $1.48-$1.56 (vs. $1.49 expected).
    • Press Release
    | Tue, May 10, 4:57 PM | 3 Comments
  • Wed, Mar. 23, 1:39 PM
    • At its GCP Next 2016 cloud user conference, Google (GOOG, GOOGL) has unveiled a Cloud Speech API that provides voice recognition services for third-party apps.
    • The API supports 80+ languages, and can work in either real-time streaming and batch mode. Notably, Google (has made huge A.I./machine learning investments) says the API will rely on the same neural network powering voice search used by Google's search and keyboard apps. It will initially be free to use; Google plans to eventually charge, while offering low-cost pricing tiers.
    • VR software leader Nuance (NUAN -4.2%), which claims an ecosystem of 30K+ developers, has sold off on the news. In December, Nuance unveiled its Mix platform, which provides developers working on mobile apps and IoT devices with SDKs that can be used to embed voice recognition and text-to-speech functionality.
    • Also announced by Google: Cloud Machine Learning, a platform that allows developers using Google's cloud infrastructure to add A.I./machine learning functionality to their apps. The service could compete against IBM's Watson Developer Cloud platform.
    | Wed, Mar. 23, 1:39 PM | 3 Comments
  • Wed, Mar. 16, 11:16 AM
    • A 4.4M-share Nuance (NUAN -3.5%) block trade has been priced at $19.45, $0.55 below yesterday's close. Bloomberg reports Carl Icahn is the seller.
    • The news comes six days after Nuance announced a deal to buy back $500M worth of shares from Icahn at $19.00 apiece. SA author Mark Chapman offered his thoughts on Icahn's motivations for selling earlier this week.
    | Wed, Mar. 16, 11:16 AM | 3 Comments
  • Tue, Mar. 15, 5:40 PM
    | Tue, Mar. 15, 5:40 PM | 1 Comment
  • Thu, Mar. 10, 9:17 AM
    • Nuance (NASDAQ:NUAN) is spending $500M to buy back 26.32M shares (over 8% of outstanding shares) from Carl Icahn and his affiliates at $19.00 apiece (6% below Wednesday's close).
    • The purchase will be funded through $375M in cash on hand and a $125M 90-day promissory note. It's separate from Nuance's existing buying program, the execution of which "will be limited for the foreseeable future." $188.7M was spent on buybacks in FQ1 (calendar Q4).
    • As part of the deal, Icahn execs Brett Icahn and David Schenchter are leaving the board. Icahn was reported to have a 60.8M-share (20%) stake in Nuance as of the end of 2015.
    • NUAN -5.7% premarket to $19.05.
    | Thu, Mar. 10, 9:17 AM | 3 Comments
  • 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
Company Description
Nuance Communications, Inc. provides voice and language solutions for businesses and consumers around the world. Its solutions are used in healthcare, mobile, consumer, enterprise customer service and imaging markets. The company products are based on proprietary voice and language platform. It... More
Sector: Technology
Industry: Application Software
Country: United States