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UPDATE: Goldman Sachs Raises PT on Nuance Communications to $19 (NUAN)
Wednesday, May 11, 2011 - 7:26am | 110Goldman Sachs is out with its report today on Nuance Communications (NASDAQ: NUAN), raising its PT from $18 to $19. In a note to clients, Goldman Sachs writes, "We lift our EPS estimates modestly given the top line upside in the quarter. Our revised FY2011/2012/2013 non-GAAP EPS estimates are $1....
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UPDATE: Piper Jaffray Raises PT on Nuance Communications to $21 (NUAN)
Wednesday, May 11, 2011 - 7:23am | 169Piper Jaffray is out with its report today on Nuance Communications (NASDAQ: NUAN), raising its PT from $19 to $21. In a note to clients, Piper Jaffray writes, "Nuance reported good Q2 results, as the company exceeded revenue and EPS consensus while returning to a double digit organic growth rate...
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Wedbush Raises PT On Nuance Communications To $17.50
Wednesday, May 11, 2011 - 7:02am | 27Wedbush Securities has raised the price target on Nuance Communications (NASDAQ: NUAN) from $17 to $17.50 and maintains its Underperform rating.
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Deutsche Bank Raises PT On Nuance Communications To $26
Wednesday, May 11, 2011 - 6:48am | 27Deutsche Bank has raised the price target on Nuance Communications (NASDAQ: NUAN) from $24 to $26 and maintains its Buy rating.
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Piper Jaffray Raises PT On Nuance Communications To $21
Wednesday, May 11, 2011 - 6:00am | 27Piper Jaffray has raised the price target on Nuance Communications (NASDAQ: NUAN) from $19 to $21 and maintains its Neutral rating.
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Nuance to Acquire Equitrac (NUAN)
Tuesday, May 10, 2011 - 4:00pm | 137Nuance Communications, Inc. (NASDAQ: NUAN) today announced an agreement under which Nuance will acquire Equitrac Corporation, a leading provider of intelligent print management and cost recovery software. Equitrac solutions have been adopted by more than 25,000 organizations worldwide to implement...
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Earnings Preview for Symantec (SYMC)
Tuesday, May 10, 2011 - 9:35am | 224Symantec (NASDAQ: SYMC) is scheduled to report fiscal fourth-quarter 2011 results after the closing bell tomorrow, May 11. Analysts are looking for the company to announce that per-share earnings slipped 10% from a year ago to $0.36. That consensus estimate is unchanged in the past 60 days. The...
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Jefferies Maintains Hold on Blackbaud (BLKB)
Tuesday, May 10, 2011 - 9:28am | 79Jefferies is out with its report on Blackbaud (NYSE: BLKB), maintaining Hold. In a note to clients, Jefferies writes, "BLKB is growing organically above 10% and is showing modest margin expansion as it seeks to invest for faster growth. We think non-profit markets are recovering and that BLKB is...
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VirnetX (VHC) Could Ignite Out of Upper Level Wedge
Tuesday, May 10, 2011 - 8:39am | 299Today's Play of the Day is long VirnetX Holding Corporation (VHC). I am looking for an entry above yesterday's high of $25.27 with a stop at the 50-day moving average of $23.50. A measured move should take us to $33.25 for a swing trade. For a day trade I am looking for a move to $27.75. Traders...
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Cadence Acquires Altos Design Automation (CDNS)
Tuesday, May 10, 2011 - 8:03am | 147Cadence Design Systems, Inc. (NASDAQ: CDNS), a leader in global electronic design innovation, today announced it has acquired Altos Design Automation, Inc., the technology leader in enabling foundation IP development for the delivery of complex SoCs at advanced nodes. Shrinking process geometries...
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Longtop Financial Technologies Limited Issues Statement in Response to Research Reports
Tuesday, May 10, 2011 - 7:31am | 2370Longtop Financial Technologies Limited (NYSE: LFT), today issued a statement in response to a purported research report published by OLP Global. The report claimed, among other things, that Longtop and a Xiamen-based HR company, Xiamen Longtop Human Resource Service Co. Ltd., are related parties,...
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Taking a Look at Index Options 05-09-2011
Monday, May 9, 2011 - 7:18pm | 959Cusick's Corner A few readers have asked me to explain the definition of an index. An index is a grouping of stocks used to track and represent a sector, segment of the market, or a broad market, such as the Standard & Poor's 500. The S&P500 (SPX) is one of the world's best known indexes...
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Buyers Flexing Muscles 05-09-2011
Monday, May 9, 2011 - 6:34pm | 931Cusick's Corner Buyers are flexing their muscles into the Midday after what seemed to be a potentially shaky open with the Dollar firming and the S&P downgrade of Greece. While the commodity sector will need some more economic confidence building before Funds and Specs come back into those...
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Quest Software Announces New Stock Repurchase Program, to Buy Back $200M of Stock (QSFT)
Monday, May 9, 2011 - 4:19pm | 169Quest Software, Inc. (Nasdaq: QSFT) today announced that its board of directors has authorized a stock repurchase program covering up to $200 million of its common stock. This program replaces the $150 million stock repurchase program that Quest Software's board of directors authorized in February...
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Blackbaud Reports EPS of $0.23 vs. $0.21 Estimate; Revenues $87.3M vs. $84.79M Estimate
Monday, May 9, 2011 - 4:10pm | 21Blackbaud (NASDAQ: BLKB) Reports EPS of $0.23 vs. $0.21 Estimate; Revenues $87.3M vs. $84.79M Estimate