Nuance Communications (NUAN) Receives a Rating Update from a Top Analyst


In a report released today, Shaul Eyal from Oppenheimer maintained a Buy rating on Nuance Communications (NUAN). The company’s shares closed on Friday at $17.49.

According to TipRanks.com, Eyal is a top 100 analyst with an average return of 15.2% and a 67.3% success rate. Eyal covers the Technology sector, focusing on stocks such as Proofpoint Inc, Nice-Systems, and Mimecast Ltd.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nuance Communications with a $22 average price target.

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Based on Nuance Communications’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $14.04 million. In comparison, last year the company had a GAAP net loss of $65.42 million.

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Nuance Communications, Inc. engages in the provision of voice and language solutions for businesses and consumers. It operates through the following segments: Healthcare, Mobile, Enterprise, and Imaging. The Healthcare segment offers transcription solutions and services that automate the input and management of medical information.

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