NICE Analysts Slash Their Forecasts After Q1 Results
Portfolio Pulse from Avi Kapoor
NICE Ltd. (NASDAQ:NICE) reported strong Q1 earnings, beating estimates with $2.58 per share and $659.309 million in sales. However, its Q2 revenue guidance midpoint is below estimates, leading to a 12.9% drop in share price. Analysts have cut their price targets but maintained positive ratings.
May 17, 2024 | 11:50 am
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NICE Ltd. reported strong Q1 earnings but issued Q2 revenue guidance below estimates, leading to a 12.9% drop in share price. Analysts have cut their price targets but maintained positive ratings.
Despite strong Q1 earnings, the lower-than-expected Q2 revenue guidance has led to a significant drop in NICE's share price. Analysts have responded by cutting their price targets, indicating a cautious outlook in the short term.
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IMPORTANCE 90
RELEVANCE 100