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

CIBC: Actimize acquisition opens new opportunities for NICE

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
midastouch017 Member Profile
Followed By 112
Posts 24,633
Boards Moderated 6
Alias Born 02/07/04
160x600 placeholder
NICE Launches Evidencentral Marketplace, First Open Digital Evidence Management Ecosystem, to Accelerate Digital Transformati... Business Wire - 10/27/2020 6:30:00 AM
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
midastouch017   Tuesday, 07/03/07 09:17:24 AM
Re: None
Post # of 45 
CIBC: Actimize acquisition opens new opportunities for NICE
CIBC reiterates its rating for NICE and raised its revenue and profit forecasts for the company.
Globes’ correspondent 3 Jul 07 15:30
CIBC World Markets says that the acquisition of Actimize Ltd. opens new growth opportunities for NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE). CIBC reiterated its “Sector Outperformer” recommendation for NICE with a target price of $43.
CIBC says, “We see significant synergies between Actimize's anti-fraud/anti-money laundering analytics software and NICE's call center solutions. In time, we believe the combo could catalyze significant growth, helping NICE penetrate deeper into the enterprise and helping Actimize sell into contact centers. We expect a smooth, surprise-free integration. The two companies already know one another at many levels and have recently presented a proposed joint offering to shared customers. Actimize's management team will remain intact, as will its R&D division, located around the corner from NICE in Israel.

“The companies' joint marketing and channel efforts will initially focus on the financial services sector, Actimize's sole and NICE's largest market. A converged NICE/Actimize analytics product for the vertical is expected in 2008. A solution tailored to the security market is likely to follow.

“Actimize is on track to grow over 50% in 2007; management expects it to grow 40%-50% to $55-$60 million, in 2008. Though Actimize is profitable, the $280 million price tag ($227 million in cash) will cut into NICE's interest income, for $0.04-0.05 dilution in our 2007 estimate. The deal should be neutral in 2008.”

CIBC notes, “NICE expects Actimize to contribute $10-$12 million in revenue during the fourth quarter of 2007 and to be $0.04-$0.05 dilutive to EPS during that period because of lower interest income. As a result, NICE is raising its 2007 fiscal year revenue guidance to $497-$514 million from $487-$502 million and lowering EPS guidance to $1.31-$1.42 from $1.36-$1.46.”

CIBC has raised its forecasts for NICE as a result of the acquisition: “Our new estimates assume the Actimize acquisition will close toward the end of the third quarter of 2007. We are raising our fourth quarter of 2007 revenue estimate to $142 million from $132 million and trimming our EPS target to $0.39 from $0.44. Our fiscal year 2007 revenue estimate is raised to $509 million from $499 million, with EPS trimmed to $1.40 estimate from $1.45 estimate. We are raising our fiscal year 2008 revenue estimate to $617 million from $562 million and keeping our EPS target unchanged at $1.70.”

Published by Globes [online], Israel business news - www.globes.co.il - on July 3, 2007

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