Intrinsic value of NICE ADR - NICE

Previous Close

$93.60

  Intrinsic Value

$221.89

stock screener

  Rating & Target

str. buy

+137%

Previous close

$93.60

 
Intrinsic value

$221.89

 
Up/down potential

+137%

 
Rating

str. buy

We calculate the intrinsic value of NICE stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Shares outstanding, mln

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  9.60
  36.30
  33.17
  30.35
  27.82
  25.54
  23.48
  21.63
  19.97
  18.47
  17.13
  15.91
  14.82
  13.84
  12.96
  12.16
  11.44
  10.80
  10.22
  9.70
  9.23
  8.81
  8.42
  8.08
  7.77
  7.50
  7.25
  7.02
  6.82
  6.64
  6.47
Revenue, $m
  1,016
  1,385
  1,844
  2,404
  3,073
  3,857
  4,763
  5,793
  6,950
  8,234
  9,645
  11,179
  12,837
  14,613
  16,506
  18,514
  20,632
  22,861
  25,197
  27,641
  30,191
  32,850
  35,617
  38,496
  41,489
  44,599
  47,831
  51,190
  54,681
  58,311
  62,086
Variable operating expenses, $m
 
  1,090
  1,409
  1,798
  2,263
  2,807
  3,437
  4,152
  4,956
  5,847
  6,827
  7,764
  8,915
  10,149
  11,464
  12,858
  14,330
  15,877
  17,500
  19,197
  20,969
  22,815
  24,737
  26,736
  28,815
  30,975
  33,220
  35,553
  37,977
  40,498
  43,120
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  881
  1,090
  1,409
  1,798
  2,263
  2,807
  3,437
  4,152
  4,956
  5,847
  6,827
  7,764
  8,915
  10,149
  11,464
  12,858
  14,330
  15,877
  17,500
  19,197
  20,969
  22,815
  24,737
  26,736
  28,815
  30,975
  33,220
  35,553
  37,977
  40,498
  43,120
Operating income, $m
  134
  295
  435
  606
  810
  1,050
  1,326
  1,641
  1,995
  2,387
  2,818
  3,415
  3,921
  4,464
  5,042
  5,655
  6,303
  6,983
  7,697
  8,444
  9,223
  10,035
  10,880
  11,760
  12,674
  13,624
  14,611
  15,637
  16,704
  17,813
  18,966
EBITDA, $m
  212
  455
  605
  789
  1,009
  1,266
  1,564
  1,902
  2,282
  2,703
  3,166
  3,670
  4,214
  4,797
  5,418
  6,077
  6,773
  7,504
  8,271
  9,073
  9,911
  10,783
  11,692
  12,637
  13,619
  14,640
  15,701
  16,804
  17,950
  19,141
  20,380
Interest expense (income), $m
  2
  16
  29
  47
  68
  93
  123
  157
  196
  240
  289
  342
  400
  463
  530
  602
  678
  758
  843
  931
  1,024
  1,120
  1,221
  1,326
  1,435
  1,548
  1,666
  1,788
  1,915
  2,047
  2,185
Earnings before tax, $m
  144
  279
  405
  559
  742
  956
  1,203
  1,484
  1,798
  2,147
  2,529
  3,073
  3,521
  4,001
  4,512
  5,054
  5,625
  6,225
  6,855
  7,513
  8,199
  8,915
  9,660
  10,434
  11,239
  12,076
  12,946
  13,849
  14,789
  15,765
  16,781
Tax expense, $m
  21
  75
  109
  151
  200
  258
  325
  401
  486
  580
  683
  830
  951
  1,080
  1,218
  1,364
  1,519
  1,681
  1,851
  2,028
  2,214
  2,407
  2,608
  2,817
  3,035
  3,261
  3,495
  3,739
  3,993
  4,257
  4,531
Net income, $m
  117
  204
  296
  408
  542
  698
  878
  1,083
  1,313
  1,567
  1,846
  2,243
  2,570
  2,921
  3,294
  3,689
  4,106
  4,544
  5,004
  5,484
  5,985
  6,508
  7,051
  7,617
  8,205
  8,816
  9,450
  10,110
  10,796
  11,509
  12,250

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  187
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  2,632
  3,329
  4,433
  5,779
  7,386
  9,272
  11,450
  13,927
  16,708
  19,794
  23,184
  26,874
  30,857
  35,128
  39,679
  44,504
  49,597
  54,954
  60,570
  66,444
  72,576
  78,966
  85,619
  92,539
  99,733
  107,209
  114,979
  123,053
  131,446
  140,171
  149,246
Adjusted assets (=assets-cash), $m
  2,445
  3,329
  4,433
  5,779
  7,386
  9,272
  11,450
  13,927
  16,708
  19,794
  23,184
  26,874
  30,857
  35,128
  39,679
  44,504
  49,597
  54,954
  60,570
  66,444
  72,576
  78,966
  85,619
  92,539
  99,733
  107,209
  114,979
  123,053
  131,446
  140,171
  149,246
Revenue / Adjusted assets
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
Average production assets, $m
  407
  555
  740
  964
  1,232
  1,547
  1,910
  2,323
  2,787
  3,302
  3,868
  4,483
  5,147
  5,860
  6,619
  7,424
  8,274
  9,167
  10,104
  11,084
  12,107
  13,173
  14,283
  15,437
  16,637
  17,884
  19,180
  20,527
  21,927
  23,383
  24,897
Working capital, $m
  36
  -177
  -236
  -308
  -393
  -494
  -610
  -742
  -890
  -1,054
  -1,235
  -1,431
  -1,643
  -1,870
  -2,113
  -2,370
  -2,641
  -2,926
  -3,225
  -3,538
  -3,865
  -4,205
  -4,559
  -4,928
  -5,311
  -5,709
  -6,122
  -6,552
  -6,999
  -7,464
  -7,947
Total debt, $m
  465
  842
  1,339
  1,944
  2,668
  3,516
  4,496
  5,611
  6,862
  8,251
  9,777
  11,437
  13,230
  15,151
  17,199
  19,371
  21,663
  24,073
  26,600
  29,244
  32,003
  34,879
  37,872
  40,986
  44,224
  47,588
  51,085
  54,718
  58,494
  62,421
  66,505
Total liabilities, $m
  1,121
  1,498
  1,995
  2,600
  3,324
  4,172
  5,152
  6,267
  7,518
  8,907
  10,433
  12,093
  13,886
  15,807
  17,855
  20,027
  22,319
  24,729
  27,256
  29,900
  32,659
  35,535
  38,528
  41,642
  44,880
  48,244
  51,741
  55,374
  59,150
  63,077
  67,161
Total equity, $m
  1,511
  1,831
  2,438
  3,178
  4,062
  5,100
  6,297
  7,660
  9,189
  10,887
  12,751
  14,781
  16,971
  19,320
  21,823
  24,477
  27,278
  30,225
  33,313
  36,544
  39,917
  43,431
  47,090
  50,896
  54,853
  58,965
  63,238
  67,679
  72,295
  77,094
  82,085
Total liabilities and equity, $m
  2,632
  3,329
  4,433
  5,778
  7,386
  9,272
  11,449
  13,927
  16,707
  19,794
  23,184
  26,874
  30,857
  35,127
  39,678
  44,504
  49,597
  54,954
  60,569
  66,444
  72,576
  78,966
  85,618
  92,538
  99,733
  107,209
  114,979
  123,053
  131,445
  140,171
  149,246
Debt-to-equity ratio
  0.308
  0.460
  0.550
  0.610
  0.660
  0.690
  0.710
  0.730
  0.750
  0.760
  0.770
  0.770
  0.780
  0.780
  0.790
  0.790
  0.790
  0.800
  0.800
  0.800
  0.800
  0.800
  0.800
  0.810
  0.810
  0.810
  0.810
  0.810
  0.810
  0.810
  0.810
Adjusted equity ratio
  0.542
  0.550
  0.550
  0.550
  0.550
  0.550
  0.550
  0.550
  0.550
  0.550
  0.550
  0.550
  0.550
  0.550
  0.550
  0.550
  0.550
  0.550
  0.550
  0.550
  0.550
  0.550
  0.550
  0.550
  0.550
  0.550
  0.550
  0.550
  0.550
  0.550
  0.550

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  117
  204
  296
  408
  542
  698
  878
  1,083
  1,313
  1,567
  1,846
  2,243
  2,570
  2,921
  3,294
  3,689
  4,106
  4,544
  5,004
  5,484
  5,985
  6,508
  7,051
  7,617
  8,205
  8,816
  9,450
  10,110
  10,796
  11,509
  12,250
Depreciation, amort., depletion, $m
  78
  160
  171
  183
  199
  216
  237
  260
  287
  316
  348
  255
  292
  333
  376
  422
  470
  521
  574
  630
  688
  748
  812
  877
  945
  1,016
  1,090
  1,166
  1,246
  1,329
  1,415
Funds from operations, $m
  231
  364
  466
  591
  740
  915
  1,116
  1,344
  1,600
  1,883
  2,194
  2,498
  2,863
  3,254
  3,670
  4,111
  4,576
  5,065
  5,578
  6,114
  6,673
  7,256
  7,863
  8,494
  9,150
  9,832
  10,540
  11,276
  12,042
  12,837
  13,665
Change in working capital, $m
  11
  -47
  -59
  -72
  -86
  -100
  -116
  -132
  -148
  -164
  -181
  -196
  -212
  -227
  -242
  -257
  -271
  -285
  -299
  -313
  -326
  -340
  -354
  -368
  -383
  -398
  -414
  -430
  -447
  -465
  -483
Cash from operations, $m
  220
  411
  525
  663
  826
  1,015
  1,231
  1,476
  1,748
  2,048
  2,375
  2,694
  3,075
  3,481
  3,912
  4,368
  4,847
  5,350
  5,877
  6,427
  7,000
  7,597
  8,217
  8,862
  9,533
  10,230
  10,954
  11,706
  12,489
  13,302
  14,148
Maintenance CAPEX, $m
  0
  -23
  -32
  -42
  -55
  -70
  -88
  -109
  -132
  -158
  -188
  -220
  -255
  -292
  -333
  -376
  -422
  -470
  -521
  -574
  -630
  -688
  -748
  -812
  -877
  -945
  -1,016
  -1,090
  -1,166
  -1,246
  -1,329
New CAPEX, $m
  -36
  -148
  -184
  -224
  -268
  -315
  -363
  -413
  -464
  -515
  -566
  -615
  -664
  -712
  -759
  -805
  -850
  -894
  -937
  -980
  -1,023
  -1,066
  -1,110
  -1,154
  -1,200
  -1,247
  -1,296
  -1,347
  -1,400
  -1,456
  -1,514
Cash from investing activities, $m
  -800
  -171
  -216
  -266
  -323
  -385
  -451
  -522
  -596
  -673
  -754
  -835
  -919
  -1,004
  -1,092
  -1,181
  -1,272
  -1,364
  -1,458
  -1,554
  -1,653
  -1,754
  -1,858
  -1,966
  -2,077
  -2,192
  -2,312
  -2,437
  -2,566
  -2,702
  -2,843
Free cash flow, $m
  -580
  239
  309
  396
  503
  630
  780
  954
  1,152
  1,374
  1,622
  1,859
  2,156
  2,476
  2,820
  3,187
  3,576
  3,987
  4,419
  4,873
  5,347
  5,843
  6,359
  6,897
  7,456
  8,037
  8,642
  9,270
  9,922
  10,600
  11,306
Issuance/(repayment) of debt, $m
  464
  398
  497
  606
  723
  849
  980
  1,115
  1,252
  1,389
  1,526
  1,660
  1,792
  1,922
  2,048
  2,171
  2,292
  2,410
  2,527
  2,643
  2,759
  2,876
  2,994
  3,114
  3,237
  3,364
  3,496
  3,633
  3,777
  3,926
  4,084
Issuance/(repurchase) of shares, $m
  -20
  282
  311
  332
  342
  339
  319
  279
  217
  130
  18
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  451
  680
  808
  938
  1,065
  1,188
  1,299
  1,394
  1,469
  1,519
  1,544
  1,660
  1,792
  1,922
  2,048
  2,171
  2,292
  2,410
  2,527
  2,643
  2,759
  2,876
  2,994
  3,114
  3,237
  3,364
  3,496
  3,633
  3,777
  3,926
  4,084
Total cash flow (excl. dividends), $m
  -131
  920
  1,118
  1,334
  1,569
  1,818
  2,079
  2,348
  2,620
  2,894
  3,166
  3,519
  3,948
  4,398
  4,868
  5,358
  5,868
  6,397
  6,947
  7,516
  8,106
  8,718
  9,353
  10,011
  10,693
  11,402
  12,138
  12,903
  13,699
  14,527
  15,389
Retained Cash Flow (-), $m
  -96
  -486
  -607
  -740
  -884
  -1,037
  -1,198
  -1,362
  -1,530
  -1,698
  -1,865
  -2,029
  -2,191
  -2,349
  -2,503
  -2,654
  -2,801
  -2,946
  -3,089
  -3,231
  -3,372
  -3,515
  -3,659
  -3,806
  -3,957
  -4,112
  -4,273
  -4,441
  -4,616
  -4,799
  -4,991
Prev. year cash balance distribution, $m
 
  166
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  600
  510
  594
  685
  781
  882
  985
  1,091
  1,196
  1,301
  1,490
  1,757
  2,049
  2,365
  2,704
  3,067
  3,451
  3,858
  4,285
  4,734
  5,204
  5,694
  6,205
  6,736
  7,290
  7,865
  8,462
  9,083
  9,728
  10,398
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  575
  467
  517
  564
  605
  640
  666
  682
  687
  682
  708
  750
  779
  794
  794
  779
  751
  710
  660
  602
  538
  472
  407
  343
  284
  229
  182
  141
  106
  78
Current shareholders' claim on cash, %
  100
  94.6
  90.5
  87.3
  84.8
  83.0
  81.6
  80.6
  80.0
  79.7
  79.7
  79.7
  79.7
  79.7
  79.7
  79.7
  79.7
  79.7
  79.7
  79.7
  79.7
  79.7
  79.7
  79.7
  79.7
  79.7
  79.7
  79.7
  79.7
  79.7
  79.7

NICE Ltd., formerly NICE-Systems Ltd., is a global enterprise software provider. The Company's segments include Customer Interactions Solutions, and Financial Crime and Compliance Solutions. The Customer Interactions Solutions segment provides data driven insights that enable businesses to deliver personalized experience to customers. The Financial Crime and Compliance Solutions segment provides real time and cross-channel fraud prevention, anti-money laundering, brokerage compliance and enterprise-wide case management. The Company serves contact centers, back office operations and retail branches, covering various industries, including communications, banking, insurance, healthcare, business processes outsourcing (BPO), government, utilities, travel and entertainment. Its Multi-Channel Recording and Interaction Management enables organizations to capture structured and unstructured customer interaction and transaction data from multiple channels.

FINANCIAL RATIOS  of  NICE ADR (NICE)

Valuation Ratios
P/E Ratio 48
Price to Sales 5.5
Price to Book 3.7
Price to Tangible Book
Price to Cash Flow 25.5
Price to Free Cash Flow 30.5
Growth Rates
Sales Growth Rate 9.6%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 100%
Cap. Spend. - 3 Yr. Gr. Rate 11.4%
Financial Strength
Quick Ratio 9
Current Ratio 0.1
LT Debt to Equity 29.4%
Total Debt to Equity 30.8%
Interest Coverage 73
Management Effectiveness
Return On Assets 5.3%
Ret/ On Assets - 3 Yr. Avg. 8.8%
Return On Total Capital 6.9%
Ret/ On T. Cap. - 3 Yr. Avg. 11.7%
Return On Equity 8%
Return On Equity - 3 Yr. Avg. 12.1%
Asset Turnover 0.5
Profitability Ratios
Gross Margin 66.7%
Gross Margin - 3 Yr. Avg. 66.4%
EBITDA Margin 22%
EBITDA Margin - 3 Yr. Avg. 22.6%
Operating Margin 13.3%
Oper. Margin - 3 Yr. Avg. 14.5%
Pre-Tax Margin 14.2%
Pre-Tax Margin - 3 Yr. Avg. 15.1%
Net Profit Margin 11.5%
Net Profit Margin - 3 Yr. Avg. 17.1%
Effective Tax Rate 14.6%
Eff/ Tax Rate - 3 Yr. Avg. 13.7%
Payout Ratio 32.5%

NICE stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the NICE stock intrinsic value calculation we used $1016 million for the last fiscal year's total revenue generated by NICE ADR. The default revenue input number comes from 2016 income statement of NICE ADR. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our NICE stock valuation model: a) initial revenue growth rate of 36.3% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for NICE is calculated based on our internal credit rating of NICE ADR, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of NICE ADR.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of NICE stock the variable cost ratio is equal to 82.1%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for NICE stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for NICE ADR.

Corporate tax rate of 27% is the nominal tax rate for NICE ADR. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the NICE stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for NICE are equal to 40.1%.

Life of production assets of 17.6 years is the average useful life of capital assets used in NICE ADR operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for NICE is equal to -12.8%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $1511 million for NICE ADR - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 59.841 million for NICE ADR is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of NICE ADR at the current share price and the inputted number of shares is $5.6 billion.

RELATED COMPANIES Price Int.Val. Rating
VRNT Verint Systems 43.25 82.44  str.buy
ORCL Oracle 50.58 36.10  sell
IBM International 162.37 173.04  hold
MSFT Microsoft 90.00 55.03  sell
MSI Motorola Solut 97.80 19.49  str.sell
FICO Fair Isaac 163.45 90.40  sell
LPSN LivePerson 11.95 0.24  str.sell

COMPANY NEWS

▶ Nice Systems beats Street 3Q forecasts   [Nov-02-17 05:51AM  Associated Press]
▶ Cincinnati call center startup acquired by public company   [Oct-16-17 03:01PM  American City Business Journals]
▶ Proofpoint Getting Closer To Key Technical Measure   [Sep-18-17 03:00AM  Investor's Business Daily]
▶ Symantec Scores Relative Strength Rating Upgrade; Hits Key Benchmark   [Sep-12-17 03:00AM  Investor's Business Daily]
▶ Stocks With Rising Relative Strength: Symantec   [Sep-08-17 03:00AM  Investor's Business Daily]
▶ Nice Trying To Close In On Key Technical Measure   [03:00AM  Investor's Business Daily]
▶ FireEye Clears Technical Benchmark, Hitting 80-Plus RS Rating   [03:00AM  Investor's Business Daily]
▶ Investor Network: NICE Ltd to Host Earnings Call   [Aug-03-17 06:05AM  ACCESSWIRE]
▶ ETFs with exposure to NICE Ltd. (Israel) : July 4, 2017   [Jul-04-17 03:14PM  Capital Cube]
▶ ETFs with exposure to NICE Ltd. (Israel) : June 22, 2017   [Jun-22-17 04:05PM  Capital Cube]
Financial statements of NICE
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.