Home > Boards > US Listed > Electronics and components > NICE-Systems Ltd. (NICE)

Analysts applaud Nice acquisitions of IEX, Performix

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
midastouch017 Member Profile
 
Followed By 112
Posts 24,630
Boards Moderated 6
Alias Born 02/07/04
160x600 placeholder
U.S.’s Second Largest County to Deploy NICE Inform Intelligence Center for Digital Transformation of its Consolidated 911 O... Business Wire - 10/26/2020 6:30:00 AM
NICE Satmetrix Selected by Financial Services Company Midland States Bank to Build a Unified Customer-Centric Culture with a ... Business Wire - 10/21/2020 6:30:00 AM
Leading European Bank Uses NICE Authentication to Improve Security and Customer Experience Business Wire - 10/20/2020 6:30:00 AM
NICE Investigate Brings Digital Cloud Transformation to Lancashire Constabulary to Provide Faster, More Efficient Investigati... Business Wire - 10/19/2020 6:30:00 AM
NICE inContact CXone Stays Ahead of Fast-Changing Customer Expectations with Innovative Features that Fuel Modern Contact Cen... Business Wire - 10/15/2020 6:30:00 AM
UK’s Cleveland Police Selects NICE Investigate for Digital Evidence Management Process Transformation in the Cloud Business Wire - 10/14/2020 6:30:00 AM
NICE to Showcase Strategies for Driving Agile Customer and Employee Experiences Business Wire - 10/13/2020 6:30:00 AM
NICE Recognized as a Robotic Process Automation Leader in Everest Group's PEAK Matrix for Third Consecutive Year Business Wire - 10/12/2020 6:30:00 AM
NICE Actimize Announces ENGAGE LIVE, The Largest Virtual Financial Crime Risk Management Customer Event of the Year, Focused ... Business Wire - 10/5/2020 7:00:00 AM
Securities Registration: Employee Benefit Plan (s-8) Edgar (US Regulatory) - 10/1/2020 6:07:45 AM
NICE Announces the 2020 PSAPs’ Finest Award Winners Honoring Dedicated Emergency Communications Professionals Business Wire - 9/22/2020 6:30:00 AM
NICE Actimize Achieves Highest Score in Aite Group’s Global Fraud and Money Laundering Case Management Report Business Wire - 9/17/2020 6:30:00 AM
NICE Robotic Process Automation Ranked the Market Leader in Attended RPA by Zinnov, Driven by NEVA and Unparalleled AI Business Wire - 9/16/2020 6:30:00 AM
NICE inContact CXone Delivers Best-In-Class Contact Center Capabilities to Ergon Energy Retail Business Wire - 9/15/2020 6:30:00 AM
NICE Honors CX Excellence Award Winners at Interactions Live, Celebrating the Delivery of Exceptional Experiences & CX Agilit... Business Wire - 9/14/2020 6:30:00 AM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 9/10/2020 8:30:54 AM
NICE Announces Interactions Live, The Industry’s Biggest Customer Experience Virtual Event & its Lineup of Award-Winning Ce... Business Wire - 9/1/2020 6:30:00 AM
Independent Research Firm Names NICE inContact CXone a Leader in Cloud Contact Center Evaluation Business Wire - 8/26/2020 10:37:00 AM
NICE Announces Pricing of Offering of $400,000,000 of 0% Convertible Senior Notes Due 2025 Business Wire - 8/24/2020 8:15:00 PM
NICE Announces Proposed Offering of $400,000,000 of Convertible Senior Notes Due 2025 Business Wire - 8/24/2020 7:23:00 AM
NICE Actimize Unveils Xceed, a Next-Generation AI-Powered Financial Crime Risk Management Cloud Platform Business Wire - 8/19/2020 6:30:00 AM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 8/18/2020 12:47:18 PM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 8/6/2020 4:07:20 PM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 8/6/2020 7:04:50 AM
NICE Reports 30% Cloud Growth for Second Quarter 2020 Business Wire - 8/6/2020 5:30:00 AM
midastouch017   Monday, 05/01/06 06:00:39 AM
Re: midastouch017 post# 11
Post # of 45 
Analysts applaud Nice acquisitions of IEX, Performix

01.5.06 | 12:13 By Omri Cohen

Nice Systems (NASDAQ: NICE) is buying two companies, IEX of Texas and Performix of Massachusetts, for $213 million cash, and investment banks spent yesterday figuring out how the acquisitions will impact the Israeli company.

CIBC World Markets and Royal Bank of Canada, which both cover Nice, raised their 12-month price targets for Nice stock and repeated Outperform ratings. Another bank - Friedman Billings - upgraded Nice from Underperform to Market Perform and added a 12-month price target of $50.

The acquisitions sent Nice stock climbing 5.1% to a 5.5 year high of $54.80, well above Friedman Billings' target.

Nice, which makes voice, video and data recording and analysis systems for security applications, said the acquisitions are designed to bolster its leading status in the mk tfor recording solutions.

IEX supplies solutions for manpower management, strategic planning, and performance management at service centers. Nice is paying $200 million for it. Performix handles performance management systems at service centers and cost nice $13.2 million.

Nice expects the acquisitions to contribute between $28 million to $30 million revenues this year. It therefore raised its revenues forecast for 2006 to $395-$405 million.

CIBC raised its 12-month price target for nice from $60 to $68, which is the highest target so far, comprising a 24% upside even after the Saturday night surge.

The CIBC analysts say the acquisitions will expand Nice's basket of products far beyond that available at rival companies, such as Verint Systems (Nasdaq: VRNT) and Witness. It will become the only player able to offer a full, comprehensive package for recording and surveillance, voice analysis, manpower management and performance management, CIBC says.

Nice has made several acquisitions to date that round out its offering in recording technology, including through buying a division of Thales in 2002 and a division of Dictaphone in 2005. If it continues to shop, it will probably seek targets in public security, CIBC surmises.

RBC analyst Daniel Meron says he expects integration of the two new companies to go smoothly, based on Nice's previous experience with mergers. He also predicts that Nice will seek to buy somebody for its public security division.

Meron adds that last year IEX racked up $50 million sales and achieved positive Ebitda amounting to 40% of its turnover. He believes Performix sales were around $5 million.

http://www.haaretz.com/hasen/spages/711636.html

Dubi


Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences