Morgan Stanley Sees Bookings as Highlight of Nuance Communications' Q1 Results

In a report published Tuesday, Morgan Stanley analyst Jennifer Swanson Lowe reiterated an Equal-Weight rating on Nuance Communications NUAN. In the report, Morgan Stanley noted, “As preannounced, Q1 results topped guidance, but the highlight of Q1 was bookings +26% YoY, putting the company comfortably on track to hit targeted bookings growth of ~15% for the year. Results volatility and lack of top-line growth keeps us on the sidelines, but we view Q1's improved performance as a step in the right direction.” Nuance Communications closed on Monday at $15.76.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Analyst ColorReiterationAnalyst RatingsJennifer Swanson LoweMorgan Stanley
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!