Is Nuance stock a buy?

Is Nuance stock a buy?

5 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for Nuance Communications in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should “hold” Nuance Communications stock.

What happens to Nuance stock?

On April 12, 2021, Nuance announced that it had entered into a definitive merger agreement with Microsoft. Under the terms of the deal, Nuance stockholders will receive $56.00 per share in cash for each share of Nuance common stock they own.

What companies use Nuance?

Companies Currently Using Nuance

Will Nuance stock become Microsoft?

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. Post the acquisition, Nuance’s financial results will be reported under Microsoft’s Intelligent Cloud segment.

Did Microsoft buy Nuance?

Microsoft agreed to acquire speech recognition and artificial intelligence company Nuance Communications for $19.7 billion in April. The acquisition establishes Microsoft as a major player in healthcare technology by bridging the gap between clinicians and Microsoft Cloud for Healthcare.

Who bought out Nuance?

Microsoft
NUAN -0.3% (NASDAQ NDAQ -2.1% : NUAN, $53.20, Market Capitalization $15.2 billion) announced a definitive agreement with Microsoft MSFT -1.3% (MSFT) under which Microsoft will acquire Nuance for $56.00 per share, in an all-cash transaction valued at $19.7 billion, inclusive of Nuance’s net debt.