Notable News to Focus: Nuance Communications (NASDAQ:NUAN)

Nuance Communications (NASDAQ:NUAN) stock observed trading -6.63% off 52-week high price. On the other end, the stock has been noted 151.22% away from low price over the last 52-weeks. The stock disclosed a move of 1.67% away from 50 day moving average and 33.24% away from 200 day moving average. Moving closer, we can see that shares have been trading 1.05% off 20-day moving average. It has market cap of $9.57B.

On Nov. 18, 2020, Nuance Communications (NASDAQ:NUAN) declared financial results for its fourth quarter and fiscal year ended September 30, 2020:

  • GAAP revenue of $352.9 million and GAAP earnings per diluted share of $(0.08).
  • Non-GAAP revenue of $352.9 million and non-GAAP earnings per diluted share of $0.18.

We are very pleased with the strong end to our fiscal year, as we delivered revenue and EPS at the high end of our guidance range, said Mark Benjamin, Chief Executive Officer at Nuance. We continued to execute on our strategic initiatives, accelerating our cloud transition in Healthcare and focusing on our AI-first approach in Enterprise. In Healthcare, we drove solid growth in our cloud offerings, ending the year at $386 million in cloud-based ARR, up 29% for the full year. In particular, we benefited from strong performance in Dragon Medical Cloud, which grew 38% compared to 2019, as well as growth in our PowerScribe One and CDE One offerings, as we continue to transition our customer base to the cloud. Enterprise revenue increased 4% compared to 2019, marking our fifth consecutive year of organic growth. This growth was driven by strength in our Intelligent Engagement offerings.

The USA based company Nuance Communications moved with change of -1.45% to $33.94 with the total traded volume of 4753123 shares in recent session versus to an average volume of 3.20M shares. The stock was observed in the 5 days activity at -2.33%. The one month performance of stock was -0.38%. NUAN’s shares are at 15.78% for the quarter and driving a 105.45% return over the course of the past year and is now at 90.35% since this point in 2018.  Right now the stock beta is 1.03. The average volatility for the week and month was at 3.54% and 3.40% respectively. There are 281.28M shares outstanding and 279.85M shares are floated in market.

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