NICE Stock Surges 3.75% Amid Strong Earnings and Buy Ratings

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Nov 13, 2024
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Nice Ltd (NICE, Financial) shares experienced a significant rise, jumping 3.75% to reach $200.12 per share with a trading volume of 477,731 shares and a turnover rate of 0.76%. Recent financial reports reveal that NICE achieved a revenue of $664 million, a net profit of $116 million, and an earnings per share of $1.82, with a gross profit of $440 million and a price-to-earnings ratio of 33.30.

Analyst ratings are highly favorable for NICE, with all 18 rating agencies recommending a buy and none suggesting hold or sell. Within the software services industry, where NICE resides, the overall sector witnessed a growth of 1.34%. Notable movers in related stocks include Dave Inc and Cyngn Inc, which saw significant gains, while Jet.AI and Next Technology Holding Inc showed high activity rates.

NICE is a business software company that serves the customer engagement and financial crime compliance markets. It offers solutions through its cloud platform and local infrastructure, emphasizing data-driven analytics. NICE’s CXone platform focuses on contact center solutions and workforce engagement management, offering digital self-service, customer journey optimization, and compliance solutions. Moreover, in the financial crime sector, it provides risk management, fraud prevention, and anti-money laundering solutions.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.