Seems like it is turning around now finally after 3 months of tanking...Hopefully we get a run up towards earnings report and especially with the blow out AAPL reports yesterday is going to be the catalyst for this stock!
NUAN - Nuance comm. - Page 7
Nailed this one like I said yesterday and with the news out that they will beat earnings this is looking sweeter and sweeter...We will see a return to $30 levels now just before earnings and BEYOND THAT!!!
In just 3 trading days, NUAN has accomplished quite a bit...
The R/S has risen from a 21 to 49. Still not a great number but in that span of time, it is very encouraging.
Now that the "trend line" has been broken to the upside, the past 3 trading days have used its "support line" upon which to perch for a rest. The acc/dis is now "C" instead of Thursday's "D-".
Lastly, the money flowing INto NUAN expanded in as many days. So taking this fact at face value, it's a fairly good guess that some institution[s] are buying the dips the past two days...just not hand-over fist yet, but there has been significant progress in those few trading days past.
Just thought you'd like to know...
It's really what they needed right now especially since last quarter huge upside potential and I would love it to see if Google or Microsoft came out and offered a buyout...Not going to happen thou since there other assets is not what those companies focus on and the only one I see who can gauge the whole company is Oracle but they are aren't looking anytime soon. Who knows thou maybe Zuckerberg will come out and snatch up Nuan after he goes public lolol
Now - Dow Jones News
DOW JONES NEWSWIRES
Nuance Communications Inc.'s (NUAN) fiscal second-quarter profit fell 49% as greater expenses and a higher tax provision weighed on the speech-software company's bottom line, though revenue strengthened.
Nuance makes software that converts speech into text, a business that has yielded strong revenue growth. Its products are used across a broad spectrum of applications from portable navigation systems to health care. The company completed its $327 million acquisition of peer Transcend Services Inc. two weeks ago.
"Across our markets, we are experiencing unprecedented interest in voice and natural language systems that understand user intent, create conversational outcomes, and deliver answers to complex questions," said Chief Financial Officer Tom Beaudoin. "Strong performance in all of our markets enabled us to deliver 15% organic revenue growth in the quarter."
For the quarter ended March 31, Nuance reported a profit of $890,000, or break-even a share, down from $1.7 million, or a penny a share, a year earlier. The most recent period included an $11.5 million tax provision while the year-ago period included a $2.4 million tax provision. Excluding stock-based compensation and acquisition-related impacts, per-share earnings rose to 43 cents from 32 cents.
Revenue rose 22% to $390.3 million.
Two weeks ago, Nuance projected earnings of 42 cents to 43 cents a share and revenue of $389 million to $391 million, above analyst estimates at the time.
Gross margin widened to 64% from 60.8%. Operating expenses rose 19%.
At Nuance's health-care solutions unit, its largest business, revenue rose 24%. The mobile and consumer segment's revenue climbed 18%, while enterprise revenue rose 10%.
I don't think it's that - that's all just one-time accounting paper. It's the old "What, you're not selling the entire company or the mobile division for a pile of cash?" exit from the speculators. I've been reluctant to move any cash from cash for a while now because of the larger market issues, but @ 22, presents a pretty compelling buying opp for me, even though my position is pretty much full with this one. Will have to mull it over overnight. Numbers and forward guidance looked great, and we saw the first hint of a deal that is rumored to be with Samsung ("including a material contract with a leading consumer electronics manufacturer for voice services across mobile devices and entertainment platforms.") that is going to put their technology in everything from phones to TV's to kitchen appliances. Add in the fact that there's a rumor going around that Nintendo is going to announce at E3 that their next video game console is going to be voice controlled using Nuance's service, and there's a lot going on here.
What I will never understand is why they try to stay so tight-lipped about who they do business with.
that would be novice traders then,,,not reading the chart...the trend was down leading into report kinda showing not such great expectations