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Nuance Communications (NUAN) in Focus: Stock Tumbles 9%

Zacks Equity Research

Nuance Communications, Inc. (NUAN) saw a big move last session, as the company’s shares fell by over 9% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for NUAN, as the stock is now down almost 12% since Jul 30, 2014.
The computer software company has seen a flat record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
NUAN currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the same industry include Progress Software Corporation (PRGS), Callidus Software Inc. (CALD) and Jive Software, Inc. (JIVE). While Progress Software Corporation carries a Zacks Rank #1 (Strong Buy), Callidus and Jive hold a Zacks Rank #2 (Buy).
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CALLIDUS SOFTWARE INC (CALD): Free Stock Analysis Report

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PROGRESS SOFTWARE CP (PRGS): Free Stock Analysis Report

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