After the acquisition deal is closed, the stock is canceled. The deal, expected to close at the end of the year, would value Nuance at $56 per share, implying a premium of 23% to the stock's closing price on April 9. (Though to what degree Siri currently relies on Dragon to answer users.
How much is nuance stock worth?
Nuance stock was original listing was for $17 a share. In 2005, Nuance was acquired by and merged with ScanSoft, a Xerox spin-off that produced scanner hardware and software. The deal was worth $221 million. And the company took on the Nuance Communications name going forward.
What happened to nuance?
In 2005, Nuance was acquired by and merged with ScanSoft, a Xerox spin-off that produced scanner hardware and software. The deal was worth $221 million. And the company took on the Nuance Communications name going forward.
When will the acquisition of nuance be completed?
The acquisition has been approved by Boards of Directors of the companies and is expected to be concluded by the end of 2021. The deal is subject to Nuance’s shareholders’ approval as well as other regulatory and customary conditions.
What is nuance buyout by Microsoft?
Nuance buyout marks one of the largest acquisitions for Microsoft. LinkedIn acquisition, at a price tag of $26.2 billion, remains one of the major acquisitions till date for the tech giant. Some other notable recent acquisitions include ZeniMax Media (2021) and GitHub (2018) for $7.5 billion each. How Nuance Buyout Benefits Microsoft?
Should I sell Nuance stock?
There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Nuance Communications stock.
Is Nuance a buy?
Microsoft is buying Nuance Communications, a speech recognition company, in a deal worth $16 billion. This makes it the second largest acquisition Microsoft has ever made. CEO Satya Nadella said that they're going to use Nuance's technology in Microsoft's healthcare Cloud products.
Is Nuance still in business?
Microsoft completed its $19.7 billion acquisition of voice technology company Nuance Communications on Friday morning, two days after clearing their final regulatory hurdle. Nuance and Microsoft announced the acquisition agreement 11 months ago, in April 2021. It was originally expected to close by the end of 2021.
What is Nuance called now?
— March 4, 2022 — Microsoft Corp (Nasdaq: MSFT) on Friday announced the completion of its acquisition of Nuance Communications Inc. (Nasdaq: NUAN), a leader in conversational AI and ambient intelligence across industries including healthcare, financial services, retail and telecommunications.
Will Nuance stock convert to Microsoft?
The deal will see Microsoft acquire all of the outstanding shares of Nuance common stock for $56 per share, paid for in cash. The transaction will let Microsoft end public trade in Nuance as it absorbs the platform.
Why is Microsoft buying Nuance?
Although Nuance is best known for its work in the healthcare vertical, it also has a presence in a number of the other top verticals targeted by Microsoft, including financial services, retail and telecommunications. Microsoft plans to use Nuance's technology to build out more "vertically optimized AI" solutions.
Is Nuance now Kofax?
Nuance Document Imaging is Now Part of Kofax.
Who bought out Nuance?
MicrosoftMicrosoft has closed on its approximately $16 billion acquisition of speech recognition company Nuance. The deal, which was announced last year, helps Microsoft Corp. get more entrenched into hospitals and the health care industry through Nuance's widely used medical dictation and transcription tools.
Is Nuance a Fortune 500 company?
Figures are for fiscal year ended Sept. 30, 2017....Company Info.CEOMark D. BenjaminWebsitehttp://www.nuance.comYears on Fortune 500 List-Employees11,6004 more rows
Is Nuance a good company?
Is Nuance a good company to work for? Nuance has an overall rating of 4.0 out of 5, based on over 2,878 reviews left anonymously by employees. 78% of employees would recommend working at Nuance to a friend and 76% have a positive outlook for the business. This rating has improved by 5% over the last 12 months.
Is Nuance publicly traded?
As a result of the Merger, Nuance will cease to be a publicly traded company.
Who bought Nuance PDF?
KofaxKofax Announces the Closing of its Acquisition of Nuance Document Imaging.
How were Nuance Communications' earnings last quarter?
Nuance Communications, Inc. (NASDAQ:NUAN) posted its quarterly earnings results on Thursday, November, 18th. The software maker reported $0.09 earn...
Who are Nuance Communications' key executives?
Nuance Communications' management team includes the following people: Mr. Mark D. Benjamin , Chief Exec. Officer (Age 51, Pay $2.07M) ( LinkedIn...
What is Mark Benjamin's approval rating as Nuance Communications' CEO?
252 employees have rated Nuance Communications CEO Mark Benjamin on Glassdoor.com . Mark Benjamin has an approval rating of 87% among Nuance Commu...
Who are some of Nuance Communications' key competitors?
Some companies that are related to Nuance Communications include Adobe (ADBE) , Salesforce (CRM) , Intuit (INTU) , Synopsys (SNPS) , Autodesk...
What other stocks do shareholders of Nuance Communications own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Nuance Communications investors own include NVIDIA (NVDA)...
What is Nuance Communications' stock symbol?
Nuance Communications trades on the NASDAQ under the ticker symbol "NUAN."
Who are Nuance Communications' major shareholders?
Nuance Communications' stock is owned by a variety of retail and institutional investors. Top institutional investors include Twin Lakes Capital Ma...
Which institutional investors are selling Nuance Communications stock?
NUAN stock was sold by a variety of institutional investors in the last quarter, including Verition Fund Management LLC, Goldman Sachs Group Inc.,...
What is Nuance Communications' stock price today?
One share of NUAN stock can currently be purchased for approximately $55.99.
How much does Nuance make?
Nuance Communications has a market capitalization of $15.78 billion and generates $1.48 billion in revenue each year. The software maker earns $21.40 million in net income (profit) each year or $0.47 on an earnings per share basis.
When will Nuance Communications release its earnings?
Nuance Communications is scheduled to release its next quarterly earnings announcement on Friday, August 6th 2021. View our earnings forecast for Nuance Communications.
Who bought Nuance Communications?
Microsoft Corp has won U.S. antitrust approval for its deal to buy artificial intelligence and speech technology company Nuance Communications Inc, according to a filing made by Nuance to the government.
Who is the CEO of Cerence?
For his second "Executive Decision" segment of Monday's Mad Money program, Jim Cramer spoke with Sanjay Dhawan, CEO of Cerence Inc. , the automotive AI technology company that powers over 320 million vehicles.
Did Microsoft and Google stop playing nice?
(Bloomberg) -- Microsoft and Google have decided to stop playing nice. The two tech giants recently ended a years-long truce during which they agreed not to aim their substantial lobbying firepower against each other. With regulators around the world threatening to impose limits on the power of the biggest technology companies, the two rivals — which compete in web search, cloud computing and artificial intelligence — are now free to step up behind-the-scenes lobbying efforts and public complain
Did Microsoft buy Nuance?
Microsoft wins U.S. antitrust okay for $16 billion purchase of Nuance. Microsoft Corp has won U.S. antitrust approval for its deal to buy artificial intelligence and speech technology company Nuance Communications Inc, according to a filing made by Nuance to the government.
What is Nuance DAX?
(NASDAQ: NUAN) today announced that SouthEast Alaska Regional Health Consortium (SEARHC) has deployed the Nuance® Dragon® Ambient eXperience™ (DAX™) solution to expand access to healthcare services. SEARHC physicians in Juneau and Sitka using Nuance DAX are reducing the time needed to complete clinical documentation and increasing their ability to see more patients each day.
Who is the CEO of Cerence?
For his second "Executive Decision" segment of Monday's Mad Money program, Jim Cramer spoke with Sanjay Dhawan, CEO of Cerence Inc. , the automotive AI technology company that powers over 320 million vehicles. Dhawan explained that Cerence was just one of many divisions inside of Nuance Communications, but as an independent company, they've been able to focus and grow substantially. Cerence was spun off from Nuance in 2019.
Did Microsoft and Google stop playing nice?
(Bloomberg) -- Microsoft and Google have decided to stop playing nice. The two tech giants recently ended a years-long truce during which they agreed not to aim their substantial lobbying firepower against each other. With regulators around the world threatening to impose limits on the power of the biggest technology companies, the two rivals — which compete in web search, cloud computing and artificial intelligence — are now free to step up behind-the-scenes lobbying efforts and public complain
Is Nuance Communications ESG?
Nuance Communications, Inc. (NASDAQ: NUAN) announced today that it has released its 2021 ESG Report detailing progress against its Environmental, Social, and Governance (ESG) sustainability strategy and programs that underscore the company's ongoing commitment to creating value and making a positive and lasting impact for its employees, customers, shareholders, and communities. This is the second year the company has issued an ESG report.
What company bought Nuance?
Shares of Nuance Communications ( NASDAQ:NUAN) climbed 16% on Monday after Microsoft ( NASDAQ:MSFT) announced an agreement to purchase the artificial intelligence-powered speech-recognition company.
How much does Microsoft pay for Nuance?
Microsoft will pay $56 per share for Nuance, or roughly 23% above its closing price on Friday. The all-cash deal values the speech technology leader at $19.7 billion when factoring in its debt. Nuance's tech will bolster Microsoft's healthcare cloud offerings.
How much did Microsoft buy Nuance?
Article continues below advertisement. Microsoft is buying Nuance for $19.7 billion. It will be Microsoft’s second-biggest acquisition after it purchased LinkedIn in 2016 for $26 billion. Nuance's technology will be used in Microsoft's health care cloud products.
What is Nuance Communications?
Nuance Communications is a U.S. multinational computer software technology corporation. It's an AI and speech technology company. The company makes revenues by selling tools for recognizing and transcribing speech in doctor’s visits, customer service calls, and voicemails.
How many analysts cover NUAN?
According to Market Beat, currently, eight Wall Street analysts cover NUAN stock. The stock has one sell rating and seven buy ratings. Analysts’ consensus target price of $53.2 represents a potential upside of 16.6 percent for the stock.
Is Nuance Communications a mega deal?
Nuance Communications ( NUAN) and Microsoft Confirm Mega-Deal. Nuance Communications stock was trading sharply up in pre-market trading on April 12. On April 11, Bloomberg reported that Microsoft is in talks to buy the AI speech technology company for about $16 billion. Both of the companies officially announced the deal in pre-market trading on ...
What percentage of doctors use Nuance?
Plus, more than 55% of physicians and 75% of radiologists in the U.S. use Nuance products. Doctors use its software to transcribe their spoken notes into patient records. Burlington, Mass.-based Nuance is at the forefront of digitizing the health-care industry.
What was the buy point for Microsoft stock on April 5?
On April 5, Microsoft stock broke out of a flat base at a buy point of 246.23, according to IBD MarketSmith charts. On Friday, Microsoft stock notched a record high of 255.99. It remained in the 5% chase zone of its breakout on Monday.
Is Nuance a cloud?
Last year, Microsoft launched its Microsoft Cloud for Healthcare offering. "Nuance provides the AI layer at the health care point of delivery and is a pioneer in the real-world application of enterprise AI," Microsoft Chief Executive Satya Nadella said in a news release Monday.
Who bought Nuance Communications?
Microsoft MSFT is reportedly holding talks to acquire Nuance Communications NUAN for nearly $16 billion, per various sources including a Bloomberg report. However, there has been no official word on the matter from either of the parties.
How much is Nuance worth in 2021?
According to people familiar with the development, Bloomberg noted that Nuance’s shares could be valued at $56 apiece, representing a 23% premium to closing price of $45.58 on Apr 9, 2021. Shares of Nuan are up 23% in the premarket trading on Apr 12, 2021.
How much did Microsoft pay for Nuance?
Microsoft will pay $56 per share to Nuance shareholders, which represents 23% premium to the stock’s closing price of $45.58 on Apr 9, 2021.
How does Nuance benefit Microsoft?
How Nuance Buyout Benefits Microsoft? The acquisition of Nuance Communications is expected to increase Microsoft’s total addressable market or TAM in healthcare vertical to $500 billion, noted the software giant.
What is the value of LinkedIn acquisition?
Nuance buyout marks one of the largest acquisitions for Microsoft. LinkedIn acquisition, at a price tag of $26.2 billion, remains one of the major acquisitions till date for the tech giant. Some other notable recent acquisitions include ZeniMax Media (2021) and GitHub (2018) for $7.5 billion each.
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Who is the CEO of Nuance?
Mark Benjamin will continue to be CEO for Nuance and will now report to executive vice president of Microsoft’s Cloud & AI segment, Scott Guthrie.