NUAN To Meet FQ1 Expectations
Analysts at Broadpoint Amtech maintain their "buy" rating on Nuance Communications Inc (NASDAQ: NUAN). The target price for NUAN is set to $18.
Nuance Communications is scheduled to report its FQ1 2010 results today. Broadpoint Amtech says that it expects “some upside to our $269 million and $0.26 EPS estimates and no material change to the FY10 outlook as we believe the company's visibility has improved.”
The analysts expect NUAN to enjoy improved demand for its products going forward. “Based on our research, speech technology is experiencing increased awareness across numerous diversified markets including healthcare, mobile handsets, mobile care, autos, consumer PCs, legal, education, government, and enterprise call centers.”
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