Nuance Rebounding After Malware Incident Prompts Preliminary Miss

7/21/17

By Jason Aycock, SeekingAlpha

Nuance Communications (NUAN +2.7%) has rebounded from a premarket depression caused by preliminary Q3 results that showed the lingering effects of a malware incident from last month.

The company says Q3's coming in at EPS of $0.26-$0.28, below consensus for $0.31, and with lower than expected revenues. It's releasing full results after the close on Aug. 8.

Net new bookings are up 20-25%, though, attributed to growth in Dragon Medical cloud, voice biometrics solutions, the automotive business, and Enterprise omni-channel offerings.

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