Stock News Watch-list: Nuance Communications (NASDAQ:NUAN)

Nuance Communications (NASDAQ:NUAN) stock identified change of 29.41% away from 52-week low price and recently located move of -9.75% off 52-week high price. It has market worth of $4806.53M . NUAN stock has been recorded -4.50% away from 50 day moving average and -0.41% away from 200 day moving average. Moving closer, we can see that shares have been trading -4.12% off 20-day moving average.

Nuance Communications (NASDAQ:NUAN), reported that it has accelerated the exit of its non-core Subscription Revenue Services (SRS) business, which provides services to mobile consumers in emerging markets, primarily Brazil and India. The Company has completed the sale of its Brazil SRS operations and has signed a definitive agreement for the sale of its India SRS operations. The latter is expected to close in July of 2019. The terms of both deals were not disclosed.

Mark Benjamin, Chief Executive Officer of Nuance said “In our ongoing effort to drive transformation and simplification, we continue to execute on our strategic initiatives announced at the beginning of our fiscal year”. “These transactions are a great outcome for everyone as they enable us to exit this non-core business faster than a wind-down, while ensuring continuous support and services for our customers. We remain sharply focused on cloud-based, intelligence-driven solutions, capable of sustainable long-term revenue and earnings growth.”

The Technology sector company, Nuance Communications noticed change of -1.68% to $16.39 along volume of 3219351 shares in recent session compared to an average volume of 1695.41K. The stock observed return of -2.61% in 5 days trading activity. The stock was at -8.89% over one month performance. NUAN’s shares are at -2.38% for the quarter and driving a 13.50% return over the course of the past year and is now at 23.89% since this point in 2018.

The average volatility for the week at 2.00% and for month was at 1.97%. There are 293.26M shares outstanding and 285.47M shares are floated in market. Right now the stock beta is 1.


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