Nice Systems Ltd. (NICE) Updates FY17 Earnings Guidance

Nice Systems Ltd. (NASDAQ:NICE) issued an update on its FY17 earnings guidance on Thursday morning. The company provided earnings per share guidance of $4.00-4.10 for the period, compared to the Thomson Reuters consensus earnings per share 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.

Shares of Nice Systems Ltd. (NICE) traded up $3.47 during trading on Friday, hitting $85.52. 205,252 shares of the company traded hands, compared to its average volume of 103,703. The stock has a market capitalization of $5.03 billion, a PE ratio of 33.54 and a beta of 0.89.

Nice Systems (NASDAQ:NICE) last released its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.01. The company had revenue of $315.30 million during the quarter, compared to the consensus estimate of $313.44 million. Nice Systems had a net margin of 7.12% and a return on equity of 9.85%. Nice Systems’s revenue for the quarter was up 33.9% on a year-over-year basis. During the same period last year, the firm earned $0.79 EPS. equities analysts predict that Nice Systems Ltd. will post 1.73 EPS for the current year.

Several research analysts have commented on NICE shares. Royal Bank Of Canada reissued a hold rating and issued a $80.00 price target on shares of Nice Systems in a report on Monday, August 21st. Zacks Investment Research raised shares of Nice Systems from a strong sell rating to a hold rating in a report on Thursday, July 6th. Jefferies Group LLC started coverage on shares of Nice Systems in a report on Friday, October 6th. They issued a hold rating and a $84.00 price target for the company. Chardan Capital raised their price target on shares of Nice Systems from $84.00 to $91.00 and gave the company a buy rating in a report on Monday, October 16th. Finally, Barclays PLC set a $80.00 price target on shares of Nice Systems and gave the company a hold rating in a report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $82.13.

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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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