Nice Systems Ltd. (NICE) Issues FY17 Earnings Guidance
Nice Systems Ltd. (NASDAQ:NICE) issued an update on its FY17 earnings guidance on Thursday morning. The company provided EPS guidance of $4.00-4.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.01. The company issued revenue guidance of $1.34-1.35 billion, compared to the consensus revenue estimate of $1.35 billion.
Nice Systems (NASDAQ:NICE) last posted its earnings results on Thursday, August 3rd. The technology company reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.01. Nice Systems had a return on equity of 11.14% and a net margin of 7.99%. The business had revenue of $315.30 million during the quarter, compared to the consensus estimate of $313.44 million. During the same period in the previous year, the business earned $0.79 EPS. The business’s quarterly revenue was up 33.9% on a year-over-year basis.
NICE has been the topic of several recent research reports. Zacks Investment Research upgraded Nice Systems from a strong sell rating to a hold rating in a research report on Thursday, July 6th. BidaskClub cut Nice Systems from a buy rating to a hold rating in a research report on Tuesday, July 25th. Oppenheimer Holdings, Inc. boosted their price target on Nice Systems from $80.00 to $85.00 and gave the company an outperform rating in a research report on Friday, August 4th. Barclays PLC set a $80.00 price target on Nice Systems and gave the company a hold rating in a research report on Friday, August 4th. Finally, Chardan Capital boosted their price target on Nice Systems from $76.00 to $84.00 and gave the company a buy rating in a research report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $81.75.
About Nice Systems
NICE Ltd., formerly NICE-Systems Ltd., is a global enterprise software provider. The Company’s segments include Customer Interactions Solutions, and Financial Crime and Compliance Solutions. The Customer Interactions Solutions segment provides data driven insights that enable businesses to deliver personalized experience to customers.
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