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Fly News Breaks for February 15, 2019
NICE
Feb 15, 2019 | 05:23 EDT
Jefferies analyst John DiFucci says Nice Systems exceeded Q4 expectations on most metrics with very strong Cloud results, though guidance was mixed. "Muddying matters are the unclear disclosures" from the company surrounding ASC 606 impacts as the company transitions its non-GAAP financials to the standard, DiFucci tells investors in a post-earnings research note. The analyst, however, continues to believe that the business has "strong momentum and a large opportunity in front of it that management is executing well against." Nice remains DiFucci's top mid-cap pick and he boosted his price target for the shares to $134 from $132 while maintaining a Buy rating.
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