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Nuance Communications (NUAN) Looks Good: Stock Adds 9.8% in Session

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Nuance Communications, Inc. (NUAN - Free Report) was a big mover last session, as the company saw its shares rise nearly  10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $16.35–$17.42 in the past one-month time frame, witnessed a sharp increase yesterday.

The shares rose after the company provided better than expected earnings and revenues outlook for fiscal first-quarter 2018.

Nuance Communications has seen three negative estimate revisions over the past two months. The Zacks Consensus Estimate for the current quarter has also revised downward over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Nuance Communications, Inc. Price and Consensus

Nuance Communications currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

Another stock in the Computer - Software industry is Aspen Technology, Inc.(AZPN - Free Report) which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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