Nuance Communications (NASDAQ: NUAN) received a Buy rating and a $22 price target from Wedbush analyst Jennifer Redding yesterday. The company’s shares opened today at $17.49.
According to TipRanks.com, Redding is a 2-star analyst with an average return of 2.4% and a 25.0% success rate. Redding covers the Technology sector, focusing on stocks such as Tenable Holdings Inc, Verint Systems Inc, and Varonis Systems.
Currently, the analyst consensus on Nuance Communications is a Moderate Buy with an average price target of $20.50.
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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.
