NICE Ltd ADR

NICE: XNAS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
LOCK|@&LOCK|WYLOCK|!>>kW^!

Nice Earnings: Shares Fall on Softer Cloud Revenue Growth Outlook

Nice shares fell 8.5% despite beating FactSet consensus and after fiscal 2024 EPS guidance was raised. We think the market reacted negatively to guidance for fiscal 2024 organic cloud revenue growth being slightly downgraded to 16%-17%, from at least 18%.

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