Why Nuance Communications (NUAN) Stock Is Down On Friday

NEW YORK (TheStreet) -- Shares of Nuance Communications Inc. (NUAN) are down -2.38% to $15.16 on Friday after the company said non-GAAP net income was $88.3 million, or 28 cents per diluted share, versus $110.4 million, or 34 cents per diluted share from the 2013 second quarter.

The company, which is a global provider of voice and language solutions for businesses and consumers, said non-GAAP revenue increased for the 2014 second quarter to $490 million, from $484 million for the year ago quarter.

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TheStreet Ratings team rates NUANCE COMMUNICATIONS INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:

"We rate NUANCE COMMUNICATIONS INC (NUAN) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

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