Bliston Asset Management Gives Nuance Communications Green Light on Strong Earnings Expectations


Posted June 26, 2015 by FinanceNewsLink

Nuance Communications (NUAN) releases stronger than expected earnings expectations signaling a move for investors to buy.

 
Nuance Commutations (NUAN), the Burlington Massachusetts based technology company, perhaps most famous for its speak recognition technology, is finally demonstrating the promise that long-term investors have been expecting for some time as recent earnings revisions suggest that the stock is set to increase in line with earnings during 2015.

Speaking from the Hong Kong based headquarters, Bliston Asset Management’s Chief Technology Analyst provided investors with the rationale behind Nuance’s rise in form.

“Our investors were alerted to the game changing potential of Nuance Communications in 2010, and although the stock price has not yet rewarded patience, we believe that the speech recognition company are poised for a sustained period for earnings and profit growth.”

“As with many tech-minded innovators, Nuance has be R&D heavy, resulting in sluggish performance from a financial perspective. However as clear global leaders in the field of speech recognition, R&D expenditure has only served to strengthen the company’s position in a market that is set to change the way we as humans interact with technologies such as mobile devices, automobiles, home appliances and of course medical and professional reporting systems, ” continued Bliston Asset Management’s Chief Technology Analyst.

“We are now starting to see the sign of fruition as the company’s products are begin widely recognized as useful instead of an unnecessary luxury. As the technology improves more professionals will begin to integrate Nuance’s systems into their places of work and consumers will find a way to improve their own lifes through a number of platforms.”

During the past 30 days alone, performance expectations have been upgraded on top of an already promising position. Estimates of a 14 cents per share rise have been revised and increased to 16 cents per share, presenting a month on month rise of the company’s stock price of 14.3%.

Looking ahead for the remainder of 2015, expectations of stock price growth, based on the company’s own assessments are set to produce year-on year growth of 30.4% for Nuance investors.
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Last Updated June 26, 2015