Feb. 9, 2014, 5:35 PM
Feb. 6, 2014, 12:10 AM| 4 Comments
Feb. 5, 2014, 5:35 PM| 2 Comments
Jan. 22, 2014, 9:09 AM
Jan. 21, 2014, 5:46 PM
Jan. 21, 2014, 4:35 PM
- Nuance (NUAN) now expects to report FQ1 (Dec. quarter) revenue of $487M-$491M and EPS of $0.23-$0.24. That's above prior guidance of $477M-$487M and $0.18-$0.21, and a consensus of $482.5M and $0.20. (PR)
- Nuance also announces it has hired former Symantec sales EVP Bill Robbins to be its new sales chief.
- FQ1 results arrive on Feb. 10. Nuance's shares were battered after the company provided disappointing FQ1 and FY14 guidance in November.
Jan. 15, 2014, 1:53 PM
- Ahead of a JPMorgan conference presentation (webcast), Allscripts (MDRX +9.1%) has forecast it will see a 5%-8% revenue CAGR and an 18%-22% adjusted EBITDA CAGR in the 2014-2016 timeframe. (8-K)
- With the healthcare software provider currently expected to post just 4.3% 2014 revenue growth (following a 6.5% 2013 decline), investors are pleased with the numbers.
- Peer Quality Systems (QSII +2%) is also higher, as is electronic health record (EHR) software partner Nuance (NUAN +1.7%), whose healthcare ops have been pressured by a shift away from transcription sales. Quality recently fell after issuing a Dec. quarter warning.
- Allscripts' Q4 report arrives on Feb. 20.
Jan. 6, 2014, 11:57 AM
- Bernstein has hiked its Google (GOOG +0.3%) PT to $1,350 (a new Street high) from $1,200. UBS is only a little less optimistic, raising its PT to $1,300.
- Google announces at CES it's partnering with GM, Honda, Audi (previous), Hyundai, and Nvidia (NVDA +1.3%) to create the Open Automotive Alliance, a consortium looking to bring Android-powered in-car navigation/infotainment systems to market. The first cars supporting the platform are expected by year's end.
- There's no shortage of competition in the automotive computing space. Ford/Microsoft's MyFord Touch platform and Apple's Siri Eyes Free (supported by several automakers) are two prominent examples. But the OAA's strong industry backing, together with Android's developer support and Google's powerful apps/services ecosystem - Google Maps and Now should be particularly useful for in-car solutions - should make it a tough competitor.
- Google's effort could be a negative for Nuance (NUAN -1.5%), which offers its Dragon Drive voice recognition platform for the automotive market, and PND vendor Garmin (GRMN -0.1%), which has been trying to sell advanced infotainment systems to automakers.
- Google has acquired Bitspin, developer of popular alarm clock app Timely. Look for some of Timely's features and UI elements to appear in future Android releases.
Dec. 16, 2013, 2:06 PM
- Added to the index (QQQ +0.7%) are Dish Network (DISH +0.6%), Illumina (ILMN +1.4%), NXP Semiconductors (NXPI +0.8%), TripAdvisor (TRIP +0.8%), and Tractor Supply (TSCO +1.9%).
- Deleted are: Fossil Group (FOSL -0.4%), Microchip Technology (MCHP +0.7%), Nuance Communications (NUAN -0.1%), Sears (SHLD -1.5%), and DENTSPLY (XRAY -0.7%).
- The changes are effective prior to the open on Monday, Dec. 23.
- Nasdaq 100 ETFs: QQQ, PSQ, QID, TQQQ, SQQQ, QLD, QQEW, QQQE, QQXT, TNDQ
Dec. 10, 2013, 6:39 PM
- Carl Icahn continues to bet Nuance's (NUAN) big YTD decline represents a buying opportunity. Just six days after disclosing his firm has raised its stake in Nuance to 18.7%, the media-friendly activist investor discloses he bought another 1.38M shares from Dec. 6-10.
- The latest purchases leave Icahn with a 19.2% stake in the voice recognition software leader.
Dec. 4, 2013, 5:02 PM
- Carl Icahn is having a busy day. Shortly after announcing a proposal for an Apple buyback vote, the billionaire activist investor discloses he has raised his stake in Nuance (NUAN) to 18.72% from a prior 16.9%. (13D)
- The new vote of confidence comes a couple weeks after Nuance tumbled due to the disappointing guidance provided with its FQ4 report, and two months after Icahn announced an agreement with the voice recognition software leader that landed him two board seats.
- Shares remain down 29% from where they traded when Icahn first disclosed a stake (then 9.3%) in Nuance on April 1.
Nov. 26, 2013, 12:45 PM
Nov. 26, 2013, 9:03 AM
- 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.
Nov. 25, 2013, 5:42 PM
Nov. 25, 2013, 5:00 PM
- For the second straight quarter (previous), Nuance (NUAN) has beat quarterly estimates and provided below-consensus guidance. In prepared remarks, the voice recognition software leader guides for FQ1 revenue of $477M-$487M and EPS of $0.18-$0.21, below a consensus of $494.7M and $0.33. Also, Nuance is guiding for FY14 (ends Sep. '14) revenue of $2.03B-$2.09B and EPS of $1.05-$1.15, largely below a consensus of $2.08B and $1.41.
- One bright spot: Nuance forecasts FY14 bookings of $2.15B-$2.25B, up from an FY13 level of $1.92B and implying a book-to-bill above 1 (FY13 book-to-bill was 0.98).
- Nuance once more says the transition to cloud/subscription-based sales from up-front licenses is hurting near-term revenue. The company also states ongoing weakness in healthcare transcription sales (previous), smartphone consolidation (gives Apple/Samsung more control), and the adoption of services-based mobile models (such as Siri) will hurt FY14 sales. Meanwhile, major mobile, cloud, and healthcare R&D investments will pressure EPS.
- On the other hand, Nuance expects growth in the enterprise, automotive, diagnostics, and managed print services markets, as well as for its DragonTV, Clintegrity (clinical documentation), and voicemail-to-text offerings.
- NUAN -4.9% AH. CC at 5PM ET. FQ4 results, PR.
Nov. 25, 2013, 4:26 PM
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