Nuance Communications Shares Rise After Microsoft Acquires Company and Aphria Shares Slump After Q3 Earnings Report ๐Ÿ“‰

Nuance Communications Shares Rise After Microsoft Acquires Company and Aphria Shares Slump After Q3 Earnings Report

Nuance Communications

On Monday, shares of Nuance Communications jumped, closing up 15.95%.

Shares of the AI-powered speech-recognition company surged after Microsoft announced it is acquiring Nuance for $19.7 billion.

Microsoft’s healthcare cloud offerings would benefit from Nuance’s technology. Conversational AI is used in its software applications to increase the quality of its medical transcription services. Its tools are also used in 77 percent of hospitals in the United States.

In a press release, Microsoft CEO Satya Nadella said, “Nuance provides the AI layer at the healthcare point of delivery and is a pioneer in the real-world application of enterprise AI. AI is technology’s most important priority, and healthcare is its most urgent application.”

Shares of Nuance Communications have risen over 200% in the past 12 months.

Aphriaย ย ย 

On Monday, shares of Aphria slumped, closing down 14.31%.

Shares of the Canadian cannabis producer and distributor of medicinal and recreational cannabis fell after the company reported third-quarter earnings.

Aphria reported net revenue of CA$153.6 million vs CA$166.2 as expected by analysts. The company reported an adjusted net loss in the third quarter of CA$0.14 per share vs an adjusted net loss of CA$0.04 per share as expected by analysts.

In response to the disappointing third-quarter earnings report, Aphria Chairman and CEO Irwin Simon said, “The duration and impact of lockdowns across many of the regions we operate in, particularly in Canada, were greater than we initially anticipated for the cannabis industry and our business.”

Shares of Aphria have risen over 300% in the past 12 months.

I am not a financial advisor and my comments should never be taken as financial advice.ย Investments come with risk, so always do your research and analysis beforehand.

Share:
More Posts
Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visaยฎ Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.