NICENASDAQ: NICE

Zacks.com users have recently been watching Nice (NICE) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Nice (NICE) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

NICE offers a potential 47% return in 18 months due to its undervaluation and strong operational performance despite leadership changes. The company's flagship product, CXone, and robust cloud revenue growth position it well across various industries, including healthcare and financial services. NICE's current enterprise value is significantly lower than its intrinsic value, presenting a 15.65% margin of safety for investment.

NICE's third-quarter 2024 results reflect benefits from robust cloud revenues, driven by increased migration to the cloud and an expanding customer base.

NICE Ltd. (NASDAQ:NICE ) Q3 2024 Earnings Conference Call November 14, 2024 8:30 AM ET Company Participants Marty Cohen - VP, IR Barak Eilam - CEO Beth Gaspich - CFO Conference Call Participants Tyler Radke - Citi Siti Panigrahi - Mizuho Meta Marshall - Morgan Stanley Rishi Jaluria - RBC Capital Markets Jim Fish - Piper Sandler Billy Fitzsimmons - Jefferies Arjun Bhatia - William Blair Timothy Horan - Oppenheimer Patrick Walravens - Citizens JMP Michael Funk - Bank of America Catherine Trebnick - Rosenblatt Chris Reimer - Barclays Michael Latimore - Northland Securities Operator Welcome to the NICE Conference Call discussing Third Quarter 2024 Results, and thank you all for holding. All participants are at present in a listen only mode.

The headline numbers for Nice (NICE) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

HOBOKEN, N.J.--(BUSINESS WIRE)--NICE (NASDAQ: NICE) today announced results for the third quarter ended September 30, 2024, as compared to the corresponding period of the previous year. Third Quarter 2024 Financial Highlights GAAP Non-GAAP Total revenue was $690.0 million and increased 15% Total revenue was $690.0 million and increased 15% Cloud revenue was $500.1 million and increased 24% Cloud revenue was $500.1 million and increased 24% Operating income was $141.4 million and increased 24% O.

TROY, Mich. , Nov. 13, 2024 /PRNewswire/ -- NICE's recent report has investors wondering if the company's stock is overvalued.

NICE's third-quarter performance is expected to have benefited from an innovative portfolio, strong demand for CX solutions and growing cloud revenues in a challenging macro environment.