NEW YORK (TheStreet) -- Shares of Nuance Communications Inc. (NUAN) are higher by 7.54% to $18.39 on Monday afternoon in response to a Wall Street Journal report suggesting the company is in talks with potential buyers regarding a sale.
The speech-recognition software company is said to have spoken with Samsung Electronics Co. (SSNLF) and private equity firms about the sale.
People familiar with the plan did not say how far along these talks have gone or if any of them will lead to a deal, the Journal reports.
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."