Morgan Stanley Sticks to Its Hold Rating for Nice-Systems (NICE)
In a report released today, Sanjit Singh from Morgan Stanley maintained a Hold rating on Nice-Systems (NICE), with a price target of $133.00. The company’s shares closed last Monday at $148.78.
According to TipRanks.com, Singh is a 1-star analyst with an average return of -8.2% and a 36.0% success rate. Singh covers the Technology sector, focusing on stocks such as Nuance Communications, Citrix Systems, and New Relic.
Currently, the analyst consensus on Nice-Systems is a Moderate Buy with an average price target of $177.10.
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Based on Nice-Systems’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $430 million and net profit of $61.74 million. In comparison, last year the company earned revenue of $411 million and had a net profit of $62.29 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. The Customer Interactions Solutions segment provides suites such as compliance and risk, workforce optimization, operational efficiency, customer experience, and sales and retention. The Security Solutions segment offers suites including incident debriefing and investigation; public safety emergency response optimization; video surveillance and analytics; situation management; and intelligence and law enforcement. The Financial Crime and Compliance Solutions segment includes for enterprise risk management, anti-money laundering, fraud prevention, and brokerage compliance services. The company was founded on September 28, 1986 and is headquartered in Raanana, Israel.