Analysts expect that Nice Ltd (NASDAQ:NICE) will report $393.89 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Nice’s earnings, with the highest sales estimate coming in at $399.38 million and the lowest estimate coming in at $390.00 million. Nice posted sales of $323.86 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 21.6%. The company is scheduled to report its next earnings report before the market opens on Thursday, February 15th.
On average, analysts expect that Nice will report full-year sales of $393.89 million for the current financial year, with estimates ranging from $1.33 billion to $1.35 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.46 billion per share, with estimates ranging from $1.44 billion to $1.48 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Nice.
NICE has been the topic of a number of analyst reports. Chardan Capital lifted their price target on Nice from $84.00 to $91.00 and gave the stock a “buy” rating in a research note on Monday, October 16th. JPMorgan Chase & Co. cut Nice from an “overweight” rating to a “neutral” rating in a research note on Friday, November 3rd. Jefferies Group lifted their target price on Nice from $84.00 to $87.00 and gave the company a “hold” rating in a research note on Friday, November 3rd. Citigroup lifted their target price on Nice from $83.00 to $93.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. Finally, Oppenheimer reaffirmed a “buy” rating and set a $100.00 target price (up previously from $90.00) on shares of Nice in a research note on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. Nice presently has a consensus rating of “Hold” and a consensus target price of $90.71.
Large investors have recently added to or reduced their stakes in the business. Bronfman E.L. Rothschild L.P. grew its stake in Nice by 99.5% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 2,065 shares of the technology company’s stock valued at $190,000 after acquiring an additional 1,030 shares in the last quarter. River Road Asset Management LLC acquired a new stake in shares of Nice during the 4th quarter valued at about $235,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Nice during the 4th quarter valued at about $276,000. Iberiabank Corp acquired a new stake in shares of Nice during the 3rd quarter valued at about $270,000. Finally, Eagle Boston Investment Management Inc. lifted its holdings in shares of Nice by 14.8% during the 4th quarter. Eagle Boston Investment Management Inc. now owns 4,942 shares of the technology company’s stock valued at $436,000 after buying an additional 637 shares during the last quarter. 44.96% of the stock is currently owned by institutional investors.
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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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