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Stock Market & Financial Investment News

News Breaks
May 21, 2014
08:10 EDTNUAN, ORCLNuance says Oracle selects Nuance voice and language offerings
Nuance Communications (NUAN) announced that Oracle (ORCL) has selected Nuance voice and language offerings for a broad set of Oracle mobile apps. Under the worldwide and multi-year agreement, Oracle will use Nuance Cloud Services to add speech recognition and synthesis to certain mobile apps that support Oracle Applications for ERP, SCM, CRM, and HCM, Oracle Eloqua Marketing Cloud Service, Oracle RightNow Cloud Service and Oracle Taleo Cloud Service, among others.
News For NUAN;ORCL From The Last 14 Days
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August 18, 2014
17:00 EDTNUANNuance amends stockholders rights plan
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August 15, 2014
08:11 EDTORCLOracle checks showing signs of improvement, says FBR Capital
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August 14, 2014
18:28 EDTORCLCourt finds Rimini Street infringed Oracle copyrights, stole IP
On August 14, the U.S. District Court in Las Vegas entered an order granting Oracle's motion for partial summary judgment in its case against Rimini Street, and its CEO, Seth Ravin. Oracle moved for summary judgment on Rimini's counterclaims for defamation and unfair competition. In those counterclaims, Rimini challenged Oracle's public statements that Rimini had engaged in massive theft of Oracle's intellectual property. The Court dismissed those counterclaims finding that Oracle's statements "that Rimini had engaged in 'massive theft' of Oracle's intellectual property are true." The Court explained that "It is undisputed that Rimini engaged in theft of Oracle's intellectual property." The Court also found that Rimini Street infringed Oracle's copyrights. In February, the Court found that Rimini Street infringed Oracle's PeopleSoft copyrights and that Oracle had proved prima facie copyright infringement as to its JD Edwards and Siebel copyrights. The Court ruled that Rimini Street also infringed Oracle Database copyrights. The Court found that Rimini Street had downloaded 25 copies of Oracle's Database software and possessed over 200 copies of this software even though Rimini's downloading, possession, and use of this software all was unlicensed. The Court ordered the parties to submit a pre-trial order within sixty days.
August 13, 2014
16:03 EDTORCLOracle extends tender offer for MICROS to September 2
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August 12, 2014
12:37 EDTNUANOn The Fly: Midday Wrap
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11:52 EDTNUANNuance shares fall over 10% as Q3 results, guidance disappoints
Shares of voice and language solutions provider Nuance (NUAN) are sharply lower after the company's guidance missed analysts' expectations. WHAT'S NEW: The company reported third quarter earnings per share 27c on revenue of $486.8M, against analysts' estimates of 27c and $498.56M, respectively. The company's Q3 non-GAAP operating margin was 23.5%, down from 28.1% in the year-ago period. Despite the underperformance in revenue, Nuance said its EPS came in at the midpoint of its guidance range as a result of cost reductions and expense control. The company also reported year over year bookings growth of 17% and deferred revenue growth of 32%. WHAT'S NOTABLE: Looking ahead, Nuance forecast fourth quarter EPS of 24c-29c and $500M-$520M, both falling well short of analysts' estimates of 34c and $540.49M, respectively. The comany also sees fiscal year 2014 EPS of $1.03-$1.08 on revenue of $1.97B-$1.99B, below estimates of $1.13 and $2.02B. In prepared remarks, the company said the transition to recurring revenue models continue to happen faster than it had anticipated, weighing heavily on near-term revenue growth and a bookings growth rate for recurring revenue type that is higher than overall bookings growth rate. ANALYST OPINION: This morning, Craig-Hallum shared its concerns about the competitive and operating environments in both Healthcare and Mobile segments. Although the firm said bookings were not as bad as the top-line miss suggests, Nuance's results open "another series of questions as to how far we really are through this transition." It maintained its Hold rating and cautious stance on the company. Canaccord analysts, meanwhile, view the sell-off as an over-reaction and believes the higher booking numbers make the stock relatively inexpensive. The firm is confident in Nuance's pipeline heading into Q4 and 2015. PRICE ACTION: In late-morning trading, shares of Nuance dropped $1.94, or 10.72%, to $16.16.
07:58 EDTNUANNuance sell-off an over reaction, stock inexpensive, says Canaccord
Canaccord noted Nuance reported a revenue miss but that bookings were higher. The firm is confident in Nuance's pipeline heading into Q4, expects better operating leverage in 2015 and thinks its shares will grind higher as the company transitions to a recurring revenue model. Canaccord has a Buy rating and $20 price target on the stock.
August 11, 2014
18:29 EDTNUANOn The Fly: After Hours Movers
UP AFTER EARNINGS: DealerTrack (TRAK), up 11.3%... DTS Inc. (DSTI), up 12.8%... Globalstar (GSAT), up 1.6%... Halozyme Therapeutics (HALO), up 2.4%. ALSO HIGHER: Intercept Pharmaceuticals (ICPT), up 57.7% after announcing that 46% of OCA group met FLINT endpoint as well as reporting second quarter results... Cempra (CEMP), up 5.8% following Intercept Pharmaceuticals' FLINT announcement... Scotts Miracle-Gro (SMG), up 3.6% after board approves a $500M share repurchase authorization and announces a $2.00 per share special dividend. DOWN AFTER EARNINGS: Galena Biopharma (GALE), down 13.4%... Nuance Communications (NUAN), down 9.7%... Millennial Media (MM), down 7.1%... MasTec (MTZ), down 3.6%... Turtle Beach (HEAR), down 3.5%... magicJack (CALL), down 5.8%... Geron (GERN), down 2.4%. ALSO LOWER: Sprouts Farmers Market (SFM), down 3.7% after filing to sell 15M shares of common stock for holders.
17:52 EDTNUANNuance falls 9% after reporting Q3 earnings, guidance
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16:12 EDTNUANNuance sees FY14 EPS $1.03-$1.08, consensus $1.13
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16:09 EDTNUANNuance sees Q4 EPS 24c-29c, consensus 34c
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16:03 EDTNUANNuance reports Q3 EPS 27c, consensus 27c
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15:32 EDTNUANNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Ventas (VTR), consensus $1.09; Nuance Communications (NUAN), consensus 27c; Intercept Pharmaceuticals (ICPT), consensus (12c); Rackspace Hosting (RAX), consensus 16c; Opko Health (OPK), consensus (9c); Mindray Medical (MR), consensus 54c; Chimera Investment (CIM), consensus 9c; Globalstar (GSAT), one estimate (4c); 51job (JOBS), consensus 32c; Dealertrack Technologies (TRAK), consensus 373c; Caesars Entertainment (CZR), consensus ($1.19); Towerstream (TWER), consensus (10c); Resolute Energy (REN), consensus 1c; Forest Oil (FST), consensus (2c).
11:39 EDTNUANNuance August 18 straddle priced for 7.4% move into Q3
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11:36 EDTNUANNuance technical comments ahead of results
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August 9, 2014
16:26 EDTORCLOracle sues Oregon over dispute with state's health-insurance exchange, WSJ says
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August 7, 2014
07:46 EDTNUANNuance August volatility elevated into Q3 and outlook
Nuance August call option implied volatility is at 67, September is at 42, January is at 34; compared to its 26-week average of 38 according to Track Data, suggesting large near term price movement into the expected release of Q3 on August 11.

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