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Enter Symbol:
 
Nuance Communications, Inc. (NUAN) [hlAlert]

Rating:
Mkt Perform
NUAN
up 47.73 %

Nuance Communications, Inc. (NUAN) downgraded to Mkt Perform by Avondale

Posted on: Tuesday,  Apr 28, 2009  10:25 AM ET by Avondale

Avondale rated Mkt Perform Nuance Communications, Inc. (NASDAQ: NUAN) on 04/28/2009. Previously Avondale rated Mkt Outperform Nuance Communications, Inc. (NASDAQ: NUAN) on
10/29/2008., when the stock price was $8.84. Since then, Nuance Communications, Inc. has gained 47.74% as of 04/28/2009's recent price of $13.06.
If you would have followed the previous Avondale's recommendation on NUAN, you would have gained 47.73% of your investment in 181 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.

Avondale’s research analysts are charged with producing high quality, independent, value-added, and timely investment analysis / advice. The firm’s strategy is to deemphasize maintenance research, and instead direct the overwhelming majority of our efforts on developing well-constructed, actionable recommendations, in part by leveraging proprietary networks of industry contacts. Avondale’s growing research department now totals 25 professionals. Senior analysts average 14 years of industry experience and are routinely recognized by a variety of nationally known rating entities. In the last two years, Avondale Analysts were named to the Wall Street Journal’s Best on the Street poll as well as Forbes.com’s Top Analyst Rankings.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/28/2009 10:25 AM Hold
None
13.06
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD up  26.06 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/29/2008 8:25 AM Buy
None
8.84 11.00

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