Notable Stock to Watch: Nuance Communications (NASDAQ:NUAN)

Notable Stock to Watch: Nuance Communications (NASDAQ:NUAN)

Nuance Communications (NASDAQ:NUAN) spotted trading -4.30% off 52-week high price. On the other end, the stock has been noted 37.23% away from the low price over the last 52-weeks. The stock changed 2.30% to recent value of $17.38. The stock transacted 2438219 shares during most recent day however it has an average volume of 1711.17K shares. The company has 285.94M of outstanding shares and 280.79M shares were floated in the market.

On Sept. 04, 2019, Nuance Communications (NASDAQ:NUAN) a leading provider of conversational AI, reported that its Board of Directors has declared a pro rata dividend of Cerence Inc. common stock to be made effective at 5:00 p.m. EDT on October 1, 2019, to Nuance’s stockholders of record as of 5:00 p.m. EDT on September 17, 2019, the record date.

Each Nuance stockholder of record will receive a distribution of one share of Cerence Inc. common stock for every 8 shares of common stock, par value $0.001 per share, of Nuance, that it holds on the record date. The distribution is subject to certain conditions.

It is anticipated that when-issued trading on the Nasdaq Global Select Market in Cerence Inc. common stock will begin on or about Monday, September 16. On Wednesday, October 2, Cerence common stock will begin regular-way trading on NASDAQ under the symbol CRNC.

Forward-Looking Statements

Statements in this release regarding the spin-off and separation constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words believes, plans, anticipates, expects, intends or estimates or similar expressions) should also be considered to be forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including but not limited to: the ability to effect the separation and spin-off of our Automotive business; our ability to successfully wind-down certain products or business lines; fluctuations in demand for our existing and future products; fluctuations in the mix of products and services sold in specific periods; further unanticipated costs resulting from the FY17 malware incident including potential costs associated with governmental investigations that may result from the incident; our ability to control and successfully manage our expenses and cash position; our ability to develop and execute in a timely manner our productivity and cost initiatives; the effects of competition, including pricing pressure, and changing business models in the markets and industries we serve; changes to economic conditions in the United States and internationally; the imposition of tariffs or other trade measures particularly between the United States and China; potential future impairment charges related to our reorganized business reporting units; fluctuating currency rates; possible quality issues in our products and technologies; our ability to successfully integrate operations and employees of acquired businesses; the ability to realize anticipated synergies from acquired businesses and to cut stranded costs related to divested businesses; and the other factors described in our most recent Form 10-K, Form 10-Q and other filings with the Securities and Exchange Commission as well as those described in Cerence Inc.’s Registration Statement on Form 10. We disclaim any obligation to update any forward-looking statements as a result of developments occurring after the date of this release. Its earnings per share (EPS) expected to touch remained -70.10% for this year while earning per share for the next 5-years is expected to reach at 7.90%. NUAN has a gross margin of 57.80% and an operating margin of 5.20% while its profit margin remained 3.70% for the last 12 months.

According to the most recent quarter its current ratio was 1.8 that represents company’s ability to meet its current financial obligations. The price moved ahead of 3.40% from the mean of 20 days, 5.59% from mean of 50 days SMA and performed 6.58% from mean of 200 days price. Company’s performance for the week was 2.90%, 14.42% for month and YTD performance remained 31.37%.

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