Nuance Communications, Inc. (NUAN) Stock Analysis
DELISTED 2022
What happened to Nuance Communications, Inc. (NUAN) stock?
Nuance Communications, Inc. (NUAN) no longer trades on public markets. It was delisted in March 2022. The figures below are historical and are not a current quote.
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Nuance Communications, Inc. (NUAN) trades at $55.99. Nuance Communications, Inc. , now a subsidiary of Microsoft, specializes in conversational and cognitive AI solutions. Sector: Technology.
Last analyzed: Mar 18, 2026Analyst Coverage for NUAN: NUAN does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates NUAN against Technology peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
NUAN: 1/2 scored disciplines lean bearish. Dominant signal: Ray Dalio bullish.
How is this calculated? →Nuance Communications, Inc. (NUAN) Technology Profile & Competitive Position
Nuance Communications, Inc., a subsidiary of Microsoft, delivers AI-powered solutions for healthcare and enterprise sectors. Its core offerings include clinical speech recognition, automated customer service, and security AI, leveraging conversational and cognitive AI to enhance productivity and improve operational efficiencies across diverse industries.
What Is the Investment Thesis for NUAN?
Nuance Communications, Inc., as a subsidiary of Microsoft, benefits from integration with a global technology leader, enhancing its growth potential in the AI sector. The company's focus on healthcare and enterprise solutions positions it to capitalize on the increasing demand for AI-driven automation and improved customer experiences. Key value drivers include the expansion of its Dragon Medical One platform and the adoption of its Conversational AI solutions across various industries. However, potential risks include the integration challenges within Microsoft and the competitive pressures from other AI solution providers. The company's gross margin of 61.2% indicates a strong ability to maintain profitability, but its negative profit margin of -2.0% suggests areas for improvement in operational efficiency. Investors should monitor the adoption rates of Nuance's AI solutions and the overall impact of the Microsoft acquisition on its long-term growth trajectory.
Based on FMP financials and quantitative analysis
NUAN Key Highlights
Nuance Communications, Inc. was acquired by Microsoft Corporation on March 4, 2022, integrating its AI capabilities into Microsoft's ecosystem.
- The company's gross margin stands at 61.2%, reflecting its ability to maintain profitability in its core operations.
- Nuance's solutions, including Dragon Medical One, are designed to improve clinical documentation processes in the healthcare sector.
- The company's Enterprise segment offers Conversational AI solutions that automate customer service interactions across multiple channels.
- Nuance serves a diverse range of industries, including healthcare, financial services, telecommunications, government, and retail, demonstrating its broad market applicability.
Who Are NUAN's Competitors?
NUAN is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| AZPN Aspen Technology, Inc. | $264.33 | +0.00% | $16.7B | 49 |
| BKI Black Knight, Inc. | $75.78 | +0.02% | $11.9B | 49 |
| CAJ Canon Inc. | $21.63 | +0.00% | $22.0B | 50 |
| DAY Dayforce Inc | $69.86 | +1.36% | $11.2B | 52 |
| FLT FLEETCOR Technologies, Inc. | $303.26 | -0.83% | $21.8B | 48 |
| UBER Uber Technologies, Inc. | $78.55 | +0.65% | $160B | 73 |
| APP AppLovin Corporation | $308.77 | -0.65% | $104B | 95 |
| INTU Intuit Inc. | $363.10 | +0.17% | $100B | 79 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are NUAN's Key Strengths?
Strong AI technology portfolio
- Established presence in healthcare and enterprise sectors
- Integration with Microsoft's ecosystem
- High gross margin
What Are NUAN's Weaknesses?
Negative profit margin
- Integration challenges within Microsoft
- Dependence on Microsoft's strategic direction
- Potential for competitive disruption
What Could Drive NUAN Stock Higher?
Integration of Nuance's AI solutions with Microsoft's products and services.
- Expansion of Dragon Medical One platform in the healthcare sector.
- Launch of new AI-powered security solutions for enterprises.
- Adoption of conversational AI solutions across various industries.
What Are the Key Risks for NUAN?
Negative return on equity (-1.9%) — the business is not currently generating profit on shareholder capital.
- Integration challenges within Microsoft affecting operational efficiency.
- Intense competition in the AI market leading to pricing pressures.
- Rapid technological advancements rendering existing solutions obsolete.
- Regulatory changes in healthcare and data privacy impacting compliance costs.
What Are the Growth Opportunities for NUAN?
- Expansion in Healthcare AI: The market for AI in healthcare is projected to reach $67.7 billion by 2027, driven by the need for improved clinical documentation and patient care. Nuance's Dragon Medical One and Nuance Dragon Ambient eXperience are well-positioned to capture a significant share of this market. The company can leverage its existing customer base and integrate with Microsoft's healthcare cloud to drive adoption and increase revenue. Timeline: Ongoing, with continuous product enhancements and market penetration efforts.
- Nuance's Conversational AI solutions can be expanded to new industries and integrated with Microsoft's enterprise offerings. Focus on enhancing the AI's natural language understanding capabilities and expanding channel support will be crucial. Timeline: Ongoing, with continuous product development and strategic partnerships.
- Integration with Microsoft Ecosystem: As a subsidiary of Microsoft, Nuance has the opportunity to integrate its AI solutions with Microsoft's existing products and services, such as Azure, Teams, and Dynamics 365. This integration can create bundled offerings that provide enhanced value to customers and drive adoption. The synergy between Nuance's AI capabilities and Microsoft's cloud infrastructure can lead to significant growth. Timeline: Ongoing, with phased integration plans and product development initiatives.
- Focus on Security AI: The market for AI in security is growing rapidly, driven by the increasing need for advanced threat detection and prevention. Nuance's Security AI solutions can be expanded to protect against emerging cyber threats and enhance security measures for enterprises. Focus on developing AI-powered solutions that can identify and respond to security incidents in real-time will be crucial. Timeline: Upcoming, with planned product launches and strategic partnerships.
- Geographic Expansion: Nuance can expand its presence in international markets, particularly in regions with high growth potential for AI adoption. Focus on adapting its solutions to local languages and regulatory requirements will be essential. The company can leverage Microsoft's global presence and distribution network to accelerate its international expansion efforts. Timeline: Ongoing, with targeted market entry strategies and localized product offerings.
What Are NUAN's Competitive Advantages?
- Proprietary AI Technology: Nuance has developed proprietary AI algorithms and models that provide a competitive advantage in speech recognition and natural language understanding.
- Extensive Data Sets: The company has accumulated vast amounts of data over the years, which it uses to train and improve its AI models.
- Strong Customer Relationships: Nuance has established long-standing relationships with key customers in the healthcare and enterprise sectors.
- Integration with Microsoft: As a subsidiary of Microsoft, Nuance benefits from access to Microsoft's resources and distribution network.
What Does NUAN Do?
Nuance Communications, Inc., founded in 1992 and headquartered in Burlington, Massachusetts, has evolved into a leading provider of conversational and cognitive artificial intelligence (AI) solutions. Originally known as ScanSoft, Inc., the company rebranded in 2005 to reflect its expanding focus on AI-driven technologies. Nuance's solutions are designed to understand, analyze, and respond to human interactions, thereby amplifying human intelligence and enhancing productivity across various sectors. Key offerings include clinical speech and language understanding solutions for the healthcare industry, such as Dragon Medical One and Nuance Dragon Ambient eXperience, which improve clinical documentation and quality measures. For the enterprise sector, Nuance provides automated customer service solutions, including intelligent engagement solutions, Conversational AI, Engagement AI, and Security AI, which are deployed across voice, mobile, web, and messaging channels. As of March 4, 2022, Nuance operates as a subsidiary of Microsoft Corporation, further solidifying its position in the AI landscape.
What Products and Services Does NUAN Offer?
- Provides clinical speech recognition solutions for healthcare professionals.
- Offers automated customer service solutions for enterprises.
- Develops AI-powered security solutions to protect against cyber threats.
- Delivers conversational AI platforms for various industries.
- Provides diagnostic imaging solutions for healthcare providers.
- Offers voicemail transcription services.
How Does NUAN Make Money?
- Software Licensing: Nuance generates revenue through licensing its AI software solutions to healthcare providers and enterprises.
- Subscription Services: The company offers subscription-based access to its cloud-based AI platforms, such as Dragon Medical One.
- Professional Services: Nuance provides consulting and implementation services to help customers deploy and integrate its AI solutions.
- Reseller Network: The company sells its solutions through a network of resellers, including system integrators and independent software vendors.
What Industry Does NUAN Operate In?
Nuance Communications, Inc. operates within the rapidly expanding AI and software application industry. The market is driven by increasing demand for automation, improved customer experiences, and enhanced productivity across various sectors. The competitive landscape includes companies like Aspen Technology (AZPN), Black Knight (BKI), Canon (CAJ), FleetCor Technologies (FLT), and Broadridge Financial Solutions (DAY), each offering specialized solutions in different segments. Nuance's focus on conversational and cognitive AI, particularly within the healthcare and enterprise sectors, positions it to capitalize on the growing adoption of AI technologies. The integration with Microsoft further strengthens its competitive advantage by providing access to broader resources and market reach.
Who Are NUAN's Key Customers?
- Healthcare Providers: Hospitals, clinics, and physician practices use Nuance's clinical speech recognition solutions to improve documentation and patient care.
- Enterprises: Businesses across various industries use Nuance's automated customer service solutions to enhance customer engagement.
- Government Agencies: Government organizations use Nuance's AI-powered security solutions to protect against cyber threats.
- Financial Institutions: Banks and financial services companies use Nuance's conversational AI platforms to automate customer interactions.
Company Profile
Nuance Communications, Inc. operates in the Software - Application industry within the Technology sector. It is headquartered in Burlington, US. The company is led by CEO Mark Benjamin. NUAN has traded publicly since 1995.
Key Financial Metrics
Return on equity for Nuance Communications, Inc. stands at -1.9%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -0.8%, showing how much profit it generates from its asset base. A current ratio of 0.65 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is -0.2%, the inverse of the P/E and a quick read on earnings relative to price.
NUAN Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis
Bull Case vs Bear Case
Bull Case
- Strong AI technology portfolio
- Established presence in healthcare and enterprise sectors
- Integration with Microsoft's ecosystem
- High gross margin
Bear Case
- Negative profit margin
- Integration challenges within Microsoft
- Dependence on Microsoft's strategic direction
- Potential for competitive disruption
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · August 2026
NUAN Latest News
No recent news available for NUAN.
Leadership: Mark Benjamin
CEO
Mark Benjamin served as the CEO of Nuance Communications, Inc., leading the company through its acquisition by Microsoft. His career includes leadership roles at various technology companies, focusing on driving growth and innovation. He has a background in business management and a track record of successfully scaling technology businesses. His expertise lies in strategic planning, operational execution, and building high-performance teams.
Track Record: Under Mark Benjamin's leadership, Nuance Communications, Inc. focused on expanding its AI-powered solutions in healthcare and enterprise sectors. Key achievements include the growth of the Dragon Medical One platform and the development of innovative conversational AI solutions. His strategic decisions led to the acquisition by Microsoft, positioning Nuance for continued growth and integration within a global technology leader.
NUAN Technology Stock FAQ
What happened to Nuance Communications, Inc. (NUAN) stock?
Nuance Communications, Inc. (NUAN) no longer trades on public markets. It was delisted in March 2022. The figures below are historical and are not a current quote.
Can I still buy NUAN shares?
No. NUAN stopped trading on public markets in March 2022, so the shares are not available through a broker. Anything you see quoted for NUAN elsewhere is historical data, not a live market.
Are the figures on this page current?
No. Every number here is the last value recorded before NUAN stopped trading. Nothing on this page updates, and none of it is a current quote.
Why does this page still exist?
Because people still search for what happened to Nuance Communications, Inc.. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.
What does Nuance Communications, Inc. do?
Nuance Communications, Inc., now a subsidiary of Microsoft, specializes in providing conversational and cognitive AI solutions. The company focuses on enhancing productivity and security through AI-driven applications in the healthcare and enterprise sectors. Its key offerings include clinical speech recognition solutions like Dragon Medical One, automated customer service solutions, and AI-powered security platforms.
What do analysts say about NUAN stock?
As of March 18, 2026, Nuance Communications, Inc. is a subsidiary of Microsoft and is no longer traded as an independent entity. Therefore, there are no current analyst ratings or price targets for NUAN stock. Investors interested in Nuance's performance should monitor Microsoft's financial reports and strategic initiatives related to its AI solutions. Key valuation metrics and growth considerations would be reflected in Microsoft's overall performance and strategic direction.
What are the main risks for NUAN?
The main risks for Nuance Communications, Inc. are primarily related to its integration within Microsoft. These include potential integration challenges affecting operational efficiency, dependence on Microsoft's strategic direction, and the risk of competitive disruption in the rapidly evolving AI market. Additionally, regulatory changes in healthcare and data privacy could impact compliance costs.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on available data and may be subject to change.
- Financial metrics are based on the latest available data prior to the acquisition by Microsoft.