Oppenheimer Remains bullish Following NICE Systems (NICE) Event

Oppenheimer maintains an Outperform rating and $75.00 price target on NICE Systems Ltd (NASDAQ: NICE) following NICE's "Interactions 2015" event. The event featured over 2,000 customers, partners, as well as an investor track.

Analyst Shaul Eyal commented, "Following NICE's "Interactions 2015" event we reiterate our bullish view on the shares which is driven by the following: 1) expanding TAM on all product fronts (Enterprise & Security) which could accelerate growth longer term; 2) a constant shift to an enterprise software model which could expand longer-term margins; 3) pristine balance sheet that could be utilized to shareholders' benefit (M&A and/or buybacks/dividends); 4) return to laser focused execution as exemplified by recent quarters' solid performance; and 5) end markets supported by mission critical products ("must have" rather than "nice to have"). Outperform."

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 $65.64 yesterday.

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