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Stock Market & Financial Investment News

News For NICE;VRNT From The Last 14 Days
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May 21, 2015
05:41 EDTNICENICE Systems sees Intelligence division divestiture neutral to FY16 earnings
05:40 EDTNICENICE Systems lowers FY15 EPS view to $3.01-$3.12 from $3.10-$3.21
Consensus $3.17. Lowers FY15 revenue guidance to $985M-$1.01B from $1.07B-$1.09B, consensus $1.08B.
05:37 EDTNICENICE Systems lowers Q2 EPS view to 64c-70c from 67c-73c, consensus 70c
Lowers Q2 revenue from its continued operations to $229M-$237M from $249M-$257M, consensus $253.1M.
05:36 EDTNICENICE Systems to begin reporting pro forma results in Q2
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05:33 EDTNICEElbit Systems to acquire NICE Systems' Cyber and Intelligence division
Elbit Systems (ESLT) announced that it has signed an agreement to acquire NICE Systems' (NICE) Cyber and Intelligence division for a total amount of up to $157.9M, subject to certain customary adjustments. Out of the total amount, $117.9M will be paid in cash at the time of the closing, expected to take place in the third quarter of 2015, subject to certain closing conditions. An additional amount of up to $40M will be paid as earn-out, based upon the future business performance of the acquired division's activities. NICE's Cyber and Intelligence division's yearly revenue in 2014 was in the high tens of millions of dollars. The Cyber and Intelligence division will be acquired by CYBERBIT LTD, Elbit Systems' subsidiary, recently established in order to consolidate Elbit Systems' existing activities relating to the Cyber Intelligence and Cyber Security markets. CYBERBIT will focus on both the emerging government and commercial cyber markets, leveraging Elbit Systems extensive and proven cyber experience and technologies.
05:31 EDTNICENICE Systems to begin reporting pro forma results in Q2
05:28 EDTNICENICE Systems to sell Intelligence division to Elbit Systems
NICE Systems (NICE) has entered into an agreement to sell its Intelligence division to Elbit Systems (ESLT), for a total consideration of up to $157.9M, subject to certain performance milestones and customary adjustments. NICE's Intelligence division offers solutions which provide law enforcement agencies, intelligence organizations and signal intelligence agencies with tools for generating intelligence from communications. This divestiture will allow NICE to place greater focus on the execution of its long-term strategic plan and to focus on its core markets and business model. The transaction is scheduled to close in early Q3. Within the structure of the agreement, NICE will receive $117.9M in cash at the time of the closing. An additional amount of up to $40M will be paid as earn-out, based upon the future business performance of the acquired division's activities.
May 12, 2015
11:40 EDTNICENICE Systems moves up on a positive mention by Navellier
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05:45 EDTNICENICE Systems price target raised to $74 from $65 at Imperial Capital
Imperial Capital raised its price target for NICE Systems to $74 after the company upped its guidance for 2015. The firm keeps an Outperform rating on the name.
May 11, 2015
10:44 EDTNICEClal Insurance reports 5.2% passive stake in NICE Systems
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