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November 26, 2013
12:07 EDTNUAN, AAPLNuance hits 52-week low after guidance falls short of estimates
Shares of voice and language software maker Nuance Communications (NUAN) are falling after the company’s first quarter and fiscal 2014 profit outlook fell well short of analysts’ consensus estimates. WHAT'S NEW: Last night, Nuance reported fourth quarter earnings per share of 30c and revenue of $490.4M, both of which narrowly topped analysts’ consensus estimate. The company’s Q1 and FY14 profit outlook significantly trailed analysts’ consensus estimates. The company forecast Q1 EPS of 18c-21c, while FY14 EPS was guided to be $1.05-$1.15. Analysts’ consensus estimates for Q1 and FY14 were 33c and $1.41, respectively, prior to the report. The company cited a transition to a higher concentration of revenues associated with on-demand, term-based, subscription and transactional pricing models as the reason for the guidance. The transition is expected to weigh on near-term revenues, Nuance said. ANALYST REACTION: This morning, analyst commentary was mixed. Research firm Oppenheimer said weakness in Nuance shares could mark a bottom. The firm recommended staying in the stock. It lowered its price target to $22 from $23, but kept an Outperform rating on the shares. Another firm, Wedbush, downgraded Nuance to Neutral from Outperform. They cited a lack of near-term catalysts and limited forward visibility after the company's guidance was well below expectations. The firm lowered its price target on shares to $15 from $22. WHAT’S NOTABLE: The most recent quarterly filing from Carl Icahn, filed on November 15, revealed the investor increased his stake in Nuance during the quarter. Icahn said at the Reuters Global Investment Outlook Summit earlier this month that he would "never" push Apple (AAPL), in which he also holds a stake, to buy Nuance, the news service reported. PRICE ACTION: In early afternoon trading, Nuance fell $2.36 or 14.7% to $13.64 on more than five times its average daily trading volume. The shares hit a new 52-week low of $13.45 earlier in the session and are down approximately 38% since the start of the year.
News For NUAN;AAPL From The Last 14 Days
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April 9, 2014
06:15 EDTAAPLFlexible PCB samples delivered for Apple iWatch validation, DigiTimes says
Flexible PCB suppliers have reportedly delivered FPCB samples for use in Apple's iWatch devices for validation, reports DigiTimes. According to industry sources, Apple is expected to unveil the iWatch wearable devices in September. Reference Link
April 8, 2014
16:01 EDTAAPLApple Netflix Citigroup Tesla Banco Santander Alcoa
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12:55 EDTAAPLComcast, TWC filing reference development of Apple TV box, 9to5Mac says
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11:25 EDTAAPL3D Systems announces availability of Sense 3D scanner for Mac
3D Systems (DDD) announced earlier the immediate availability of the Sense 3D scanner for Apple's (AAPL) Mac and feature upgrades available with Sense software V1.1. The Sense is the first 3D scanner designed for the consumer and optimized for 3D printing. It is priced at $399.
09:35 EDTAAPLActive equity options trading on open
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09:04 EDTAAPLAmazon Instant Video says video streams on Prime Instant Video tripled y/y
Amazon Instant Videoannounced that video streams on Prime Instant Video nearly tripled year over year. According to a report from Qwilt, which tracks growth in online video usage, Amazon (AMZN) has now passed both Apple (AAPL) and Hulu (NWSA, DIS, CMCSA) in streaming video usage.
08:08 EDTAAPLCost to Apple, Google, Intel, of 'no-poaching' deal may be high, DealBook says
Some of the of the biggest names in tech, including Apple (AAPL), Google (GOOG), Intel (INTC)and Adobe (ADBE), are at the center of a class-action suit that seeks $9B as compensation for employees who contend the tech giants colluded to prevent their employees from being hired at rivals, reported The New York Times' DealBook. Reference Link
08:04 EDTAAPLiAnywhere could boost Apple earnings by over 10%, says JPMorgan
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06:24 EDTAAPLApple may develop baseband chpis for iPhones inhouse, DigiTimes says
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06:20 EDTAAPLApple may release iWatch in Q3, DigiTimes reports
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06:07 EDTAAPLMicrosoft investing in 'invisible user interface' technology, WSJ reports
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April 7, 2014
16:01 EDTAAPLOptions Update; April 7, 2014
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14:06 EDTAAPLApple slips to lows of the day, levels to watch
Shares were last at $522.56, just off the session low. At current price, next support is at $517.35. Resistance is at $527.67.
09:34 EDTAAPLActive equity options trading on open
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08:45 EDTAAPLInvenSense price target raised to $27 from $20 at Pacific Crest
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07:51 EDTAAPLApple sent iTV panel samples from Korean display maker, Korea Herald says
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07:37 EDTAAPLApple considered dumping long-time ad agency, WSJ reports
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07:16 EDTAAPLRetailers muscle into competitive mobile payment market, Reuters says
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06:36 EDTAAPLApple's sales force worried about iPhone outlook, Re/code reports
Apple's (AAPL) sales force has been worried about weakness in the iPhone's market share, amid strong competition from Google's (GOOG) Android operating system, a document presented in a court case showed, Re/code reported on Friday. According to the internal Apple document, the only portions of the smartphone market showing growth were large devices costing more than $300 or devices that cost less than $300, the website stated. Reference Link
April 6, 2014
17:48 EDTAAPLGoogle set to announce Android TV, The Verge says
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