NEW YORK (TheStreet) -- Shares of Nuance Communications (NUAN) are down -3.55% to $18.61 as potential private equity buyers of the company were held back from purchasing the company due to its complex licensing agreements, sources tell dealReporter.
Nuance reportedly held discussions with potential suitors, including private equity firms and Samsung, regarding a possible sale of the company, The Wall Street Journal reported on June 16.
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Separately, 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."