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Nuance Communications (NASDAQ:NUAN)‘s stock had its “equal weight” rating reiterated by analysts at Morgan Stanley in a research report issued to clients and investors on Wednesday, StockRatingsNetwork reports.

The analysts wrote, “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.”

A number of other firms have also recently commented on NUAN. Analysts at Standpoint Research initiated coverage on shares of Nuance Communications in a research note to investors on Wednesday, November 27th. They set a “buy” rating and a $18.00 price target on the stock. Separately, analysts at UBS AG downgraded shares of Nuance Communications from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, November 26th. They now have a $14.00 price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Nuance Communications in a research note to investors on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. Nuance Communications presently has a consensus rating of “Hold” and a consensus target price of $20.21.

Shares of Nuance Communications (NASDAQ:NUAN) traded up 7.22% during mid-day trading on Wednesday, hitting $15.965. 7,126,818 shares of the company’s stock traded hands. Nuance Communications has a 52-week low of $13.00 and a 52-week high of $24.85. The stock has a 50-day moving average of $14.78 and a 200-day moving average of $17.22. The company’s market cap is $5.023 billion.

Nuance Communications (NASDAQ:NUAN) last released its earnings data on Monday, November 25th. The company reported $0.30 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.29 by $0.01. The company had revenue of $472.20 million for the quarter, compared to the consensus estimate of $489.56 million. During the same quarter in the prior year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis. Analysts expect that Nuance Communications will post $1.08 EPS for the current fiscal year.

Nuance Communications, Inc is a provider of voice and language solutions for businesses and consumers globally.

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