NICE (NASDAQ:NICE) Announces Quarterly Earnings Results, Misses Expectations By $0.71 EPS

NICE (NASDAQ:NICE) posted its earnings results on Thursday. The technology company reported $2.25 EPS for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.71), Zacks reports. NICE had a net margin of 16.11% and a return on equity of 15.31%.

NICE Price Performance

Shares of NICE traded down $27.29 during midday trading on Thursday, reaching $151.21. The stock had a trading volume of 2,079,788 shares, compared to its average volume of 516,692. The company’s fifty day simple moving average is $171.48 and its two-hundred day simple moving average is $173.14. The company has a market cap of $9.51 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 1.23 and a beta of 1.06. NICE has a 1-year low of $147.38 and a 1-year high of $270.73.

Wall Street Analysts Forecast Growth

NICE has been the subject of a number of research analyst reports. DA Davidson lowered their price objective on shares of NICE from $300.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, November 15th. StockNews.com lowered NICE from a “strong-buy” rating to a “buy” rating in a research report on Monday. Royal Bank of Canada reiterated an “outperform” rating and issued a $260.00 price objective on shares of NICE in a report on Friday, November 15th. Oppenheimer cut NICE from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $200.00 target price (down from $215.00) on shares of NICE in a research report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $250.27.

About NICE

NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-driven digital business solutions worldwide. It offers CXone, a cloud native open platform; Enlighten, an AI engine for the customer engagement market; and smart self service enable organizations to address consumers' needs; and journey orchestration solutions that empower organizations to connect and route customers to deal with the customer's request, and connects them using real time AI-based routing.