NICE Reports 35% Record Cloud Growth for Third Quarter 2020
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November 12, 2020 3:16 PM EST
Oppenheimer analyst Shaul Eyal raised the price target on NICE Systems Ltd (NASDAQ: NICE) to $290.00 (from $250.00) while maintaining an Outperform rating following results.
The analyst commented, "We are raising our price target on NICE to $290 from $250 following solid 3Q20 EPS/rev of $1.41/$412M... More
November 12, 2020 12:16 PM EST
Rosenblatt analyst Ryan Koontz raised the price target on NICE Systems Ltd (NASDAQ: NICE) to $290.00 (from $265.00) while maintaining a Buy rating following results.
The analyst commented, "We modestly raise our 4Q20 revenue (by +1%) and earnings estimates (by $+.07) inline with guidance where strong... More
November 12, 2020 5:58 AM EST
NICE (NASDAQ: NICE) reported Q3 EPS of $1.41, $0.02 better than the analyst estimate of $1.39. Revenue for the quarter came in at $412 million versus the consensus estimate of $408.04 million.
Non-GAAP Financial Highlights for the Third Quarter Ended September 30:
Revenues: Third quarter 2020 non-GAAP total revenues increased to $412.4 million, up 6.5% from $387.1 million for the third quarter of 2019.Gross Profit: Third quarter 2020 non-GAAP gross profit and gross margin increased to $292.9 million and 71.0%, respectively, from $274.4 million and 70.9%, respectively for the third quarter of 2019.Operating Income: Third...
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