27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Nuance Communications, Inc. (NASDAQ: NUAN) announced financial results Monday for its fiscal fourth quarter, ended September 30, 2014.
Non-GAAP revenue was $520.3 million, above estimates of $510.79 million and up 6.1 percent from $490.4 million a year ago.
The company reported non-GAAP net income of $107.6 million, or $0.33 per diluted share, above estimates of $0.27 and up from non-GAAP net income of $95.2 million, or $0.30 per diluted share, in the fourth quarter of fiscal 2013.
The non GAAP operating margin was 25.9 percent, up from 25.3 percent in the fourth quarter of fiscal 2013. Nuance reported cash flow from operations of $95.9 million in the fourth quarter of fiscal 2014, up 2.6 percent from $93.5 million in the fourth quarter of fiscal 2013.
“We delivered a strong finish to fiscal 2014, with revenue, EPS and bookings above our guidance ranges. In fiscal 2014, recurring revenues represented 64 percent of total revenue, up 6 percentage points from last year, as we continue to transition our revenue model toward more stable, predictable recurring revenue streams. The positive deferred revenue and cash flow characteristics of our recurring revenue streams also continue to benefit the business. Fiscal 2014 bookings and execution in strategic markets position us well for a return to growth in fiscal 2015,” said Tom Beaudoin, Nuance CFO.
Nuance Communications, Inc. traded at $15.84 in the aftermarket, up 3.46 percent.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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