“For 3Q18, NICE delivered non-GAAP EPS/rev. of $1.12/$356M (revenue +9% y/y), beating the consensus $1.07/$351M. Encouragingly, cloud revenue grew 20%. In October, NICE announced X-Sight, a financial crime and compliance platform-as- a-service cloud-delivered solution combining advanced analytics and AI, automated data management, and robotics. CXone, NICE’s open cloud platform, is rapidly expanding its market presence, and the company is expecting a similar trajectory for X-Sight. Leading-edge software technologies continue to drive performance for NICE. NICE is leveraging advanced capabilities, streamlined operations and optimized processes to enable critical capabilities for its enterprise customers. Reiterate Outperform.”
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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Nice-Systems with a $124 average price target.
Based on Nice-Systems’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $33.47 million. In comparison, last year the company had a net profit of $27.01 million.
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NICE Ltd. engages in the provision of enterprise software solutions and services. It operates through the following segments: Customer Interactions Solutions, Security Solutions, and Financial Crime and Compliance Solutions.