NICE Systems (NICE): Chardan Reiterates Buy After Strong Earnings But Before InContact Combination - Chardan

November 14, 2016 7:51 AM EST
Get Alerts NICE Hot Sheet
Price: $68.19 --0%

Rating Summary:
    5 Buy, 5 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 4 | Down: 5 | New: 17
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Chardan Capital Markets analyst, Lena Rogovin, reiterated her Buy rating on shares of NICE Systems Ltd (NASDAQ: NICE) after NICE reported strong 3Q16 results and revised upwards 2016FY guidance.

Non-GAAP revenue was up 9% y-o-y to $240.3 mn, while operating profit grew by 15.3% to $64.2 million. Net income increased by 9.5% to $50.7 mn, net margin remained virtually flat at 21.1% on higher effective tax rate of 23.7% due to a change in geographical revenue mix. FY effective tax rate is expected by the company at 21%.along with a price target of $72.

For an analyst ratings summary and ratings history on NICE Systems Ltd click here. For more ratings news on NICE Systems Ltd click here.

Shares of NICE Systems Ltd closed at $67.77 yesterday.

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