Morgan Stanley Maintains on Nuance Communications
9:29a ET January 22, 2014 (Benzinga)
In a report published Wednesday, Morgan Stanley analyst Jennifer Swanson Lowe maintained Equal-weight on Nuance Communications (NASDAQ: NUAN), with a NA price target as signs of stabilization are seen.
According to the report, analysts see stabilization as a step in the right direction and the addition of Bill Robbins as EVP sales may help execution, but the lack of top-line growth keeps them EW the stock.
“Nuance reported preliminary Q114 results after the close, with total revenue now expected to be $487- 491M vs. prior guide of $477-487M and us/cons. at $481/482M, and EPS now expected to be $0.23-0.24 vs. prior guidance of $0.18-0.21 and us/cons. at $0.19/0.20,” the report noted. “The upside in the quarter is encouraging, but the midpoint of the preannounced range still suggests midpoint. NUAN did not provide revenue by reporting segment, and will provide additional color on the source(s) of upside on the company's Q114 earnings call scheduled for February 10th.”
Vuzix Adds Nuance's Voice Technology to its Smart Glasses
9:21a ET January 8, 2014 (Benzinga)
Vuzix Corporation (OTCQB: VUZI) today announced that its M100 smart glasses will now incorporate voice recognition powered by Nuance Communications. The Vuzix M100 smart glasses are a flexible Android®-based wearable display platform that runs a growing number of industry specific software applications. Nuance's voice technology gives the user a powerful and intuitive way to engage the M100 smart glasses, while increasing safety and task efficiencies in the workplace.
Wedbush downgraded Nuance Communications (NASDAQ: NUAN) from Outperform to Neutral with a price target of $15.00 (from $22.00), saying the acceleration in business model transition and investments creates incremental risk heading into 2014.
Analyst Shyam Patil explains, "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."
The firm lowered FY14 EPS estimate to $1.10 from $1.39 and FY15 to $1.28 from $1.52.
For an analyst ratings summary and ratings history on Nuance Communications click here. For more ratings news on Nuance Communications click here.
Shares of Nuance Communications closed at $15.99 yesterday, with a 52 week range of $15.34-$24.85.
I bought some recently and was looking for anything positive.Thought I would pass along:Deutsche Bank Maintains Nuance Communications at Buy, Lowers PT from $31 to $30
Juan Lopez, Benzinga Staff Writer
You also posted this on 12/8. Cancerstar remains a troubled institution
by essaadigus [ 2-Dec-11 08:37 am]
Speaking of institution,when did they let you out?
Hey Dumb Dumb.6 days from the date of this post was 12/14 YESTERDAY and is trading on the NYSE.No sense in posting anymore no one will read after this.
Very good point.Just take a look at the PR Awesome sent out today regarding AMWI's launch of Lockrop.com.Take a look at the website it looks like the put it up last night.There is no corporate info on the site at all or contact information.Buyer beware and do your due diligence.
S&P LOWERS OPINION ON SHARES OF CASELLA WASTE SYSTEMS TO STRONG SELL FROM HOLD
(Standard & Poor's)
CWST posts Apr-Q loss per share of $0.51 before special items, vs. $0.23 loss, wider than our $0.35 loss estimate. Revenues fell 2.8%, driven by adverse weather. We expect soft collection volume in FY 12 (Apr.), as CWST focuses on price hikes and debt reduction. In our view, its 3.5X leverage ratio target is unlikely to be met this fiscal year and EBITDA margins should remain virtually flat. We widen our operating loss per share estimate to $0.40 loss from $0.30 loss for FY 12, and on a below-peer price-to-EBITDA multiple of 1.1X, we reduce our target price to $4.50 from $8.00.
I have it right here.Came out this morning.
Doesn't look good.
PRICE TARGET CHANGES: FRIEDMAN, BILLINGS & RAMSEY
9:03a ET May 5, 2011 (Dow Jones) PRICE TARGET CHANGES: FRIEDMAN, BILLINGS & RAMSEY
Friedman, Billings & Ramsey issued the following share price target changes on Wednesday:
Company Name Symbol New Trg Old Trg Current Time Span
MetroPCS Commun PCS $16.00 $14.00 $17.85 12 Months
Level 3 Commun LVLT $1.25 $0.50 $1.62 12 Months
Web.com WWWW $17.00 $13.00 $12.42 12 Months
RTI International RTI $42.00 $36.00 $34.20 12 Months
Unum Group UNM $30.00 $27.00 $26.53 12 Months
Duke Energy Corp DUK $18.50 $17.00 $18.85 12 Months
Kenexa Corp KNXA $26.00 $24.00 $30.81 12 Months
MasterCard MA $330.00 $290.00 $282.39 12 Months
Concur Technologies CNQR $60.00 $58.00 $50.47 12 Months
NICE-Systems Ltd. NICE $42.00 $40.00 $38.10 12 Months
TECO Energy TE $19.00 $18.50 $19.28 12 Months
Marsh & McLennan MMC $34.00 $32.00 $30.37 12 Months
Hyatt Hotels Corp H $48.00 $49.00 $43.22 12 Months
Gaylord Entertainment GET $42.00 $44.00 $32.50 12 Months
Excel Maritime Carriers EXM $4.00 $6.00 $3.95 12 Months
Genco Shipping & Trading GNK $12.00 $15.00 $7.93 12 Months
Baltic Trading BALT $10.00 $12.00 $7.30 12 Months