Why NICE Shares Are Trading 4% Higher Monday
Portfolio Pulse from Dylan Berman
NICE Ltd. (NASDAQ:NICE) shares are trading higher after the company announced a significant $100 million deal for its CXone platform in the Asia-Pacific region. Additionally, the Board of Directors approved a new $500 million share repurchase program and plans to expedite an existing $300 million buyback.
June 10, 2024 | 4:17 pm
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NICE Ltd. shares are up 4.88% following a $100 million deal for its CXone platform in the Asia-Pacific region and the announcement of a $500 million share repurchase program.
The $100 million deal for CXone in the Asia-Pacific region is a significant win for NICE, indicating strong demand for its platform. The new $500 million share repurchase program and expedited $300 million buyback are likely to boost investor confidence and support the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100