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Nuance Communications, Inc. (NUAN) [hlAlert]

Rating:
Hold NUAN
down 13.71 %

Nuance Communications, Inc. (NUAN) downgraded to Hold by Needham

Posted on: Friday,  Feb 8, 2013  8:25 AM ET by Needham

Needham rated Hold Nuance Communications, Inc. (NASDAQ: NUAN) on 02/08/2013. Previously Needham rated Buy Nuance Communications, Inc. (NASDAQ: NUAN) on 08/08/2012.,
when the stock price was $23.18. Since then, Nuance Communications, Inc. has lost 13.72% as of 02/08/2013's recent price of $20.00.
If you would have followed the previous Needham's recommendation on NUAN, you would have lost 13.71% of your investment in 184 days.

Nuance Communications, Inc. (Nuance) is a provider of speech, imaging and keypad solutions for businesses, organizations and consumers worldwide. The Company?s solutions are used for tasks and services, such as requesting information from a phone-based, self-service solution, dictating medical records, searching the mobile Web by voice, entering a destination into a navigation system, or working with portable document format (PDF) documents. It markets and distributes its products through a global network of resellers, including system integrators, independent software vendors, value-added resellers, hardware vendors, telecommunications carriers and distributors, and also sells directly through sales force and through its Website. In October 2008, the Company acquired SNAPin, Inc., a developer of self-service software for mobile devices. In June 2009, it acquired X-Solutions Group B.V. In September 2009, the Company acquired eCopy, Inc.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/8/2013 8:25 AM Hold
None
20.00
as of 12/13/2013
1 Week   
1 Month   
3 Months   
1 YTD down  -10.39 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/8/2012 8:25 AM Buy
None
23.18 30.00
2/10/2009 9:25 AM Buy
None
10.45 14.00
5/13/2008 8:25 AM Buy
None
19.65 24.00
10/23/2007 9:25 AM Buy
None
21.93 23.00
8/8/2007 9:25 AM Buy
None
16.01 19.00

(*) Stock Price at the time of the recommendation.
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