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

Rating:
Neutral NUAN
up 44.11 %

Nuance Communications, Inc. (NUAN) downgraded to Neutral with price target $17 by Wedbush Morgan

Posted on: Wednesday,  Oct 21, 2009  9:25 AM ET by Wedbush Morgan

Wedbush Morgan rated Neutral Nuance Communications, Inc. (NASDAQ: NUAN) on 10/21/2009. Previously Wedbush Morgan rated Buy Nuance Communications, Inc. (NASDAQ: NUAN) on
02/10/2009., when the stock price was $10.45. Since then, Nuance Communications, Inc. has gained 44.11% as of 10/21/2009's recent price of $15.06.
If you would have followed the previous Wedbush Morgan's recommendation on NUAN, you would have gained 44.11% of your investment in 253 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.

Since 1980, WEDBUSH has used its private equity discipline to invest in under-valued and capital constrained public and private companies that have a significant potential for appreciation. The firm invests with high quality management teams with domain expertise and expects management to retain or make a personally significant equity investment.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/21/2009 9:25 AM Hold
None
15.06 17.00
as of 12/31/2009
1 Week   
1 Month   
3 Months up  0.66 %
1 YTD up  45.36 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/10/2009 9:25 AM Buy
None
10.45 13.00
11/25/2008 9:25 AM Buy
None
8.40 11.00
5/13/2008 10:25 AM Buy
None
19.81 24.00
2/12/2008 10:25 AM Buy
None
18.18 22.00
2/8/2008 9:25 AM Buy
None
16.18 21.00
10/24/2007 11:25 AM Hold
None
21.73 21.00
8/27/2007 11:25 AM Hold
None
19.02 19.00

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