Why Nuance Communications (NUAN) Stock Is Falling in After-Hours Trading Monday

NEW YORK (TheStreet) -- Nuance Communications (NUAN) was falling -6.4% to 16.94 after-hours Monday after missing analysts’ estimates for revenue in the fiscal third quarter.

For the third quarter Nuance reported earnings of 27 cents a share, in line with the Capital IQ Consensus Estimate. Revenue fell -0.8% from the year-ago quarter to $486.8 million, below analysts’ estimates of $498.56 million for the 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."

NUAN ChartNUAN data by YCharts

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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