Recent News
On July 15, 2025 NICE reported that its Evidencentral platform surpassed support for over 37 million active criminal cases and 240 million digital evidence items. On August 21, 2025 the company announced CEO Scott Russell’s participation in Citi’s Global TMT Conference. On September 24, 2025 NICE scheduled a Capital Markets Day for November 17, 2025 to present strategy and the CX Innovation Roadmap.
Technical Analysis
ADX & Directional Indicators: ADX at 14.6 signals no established trend; directional indicators show weakness: DI+ has peaked and reversed while DI- has dipped and reversed, both pointing toward bearish directional pressure that increases near-term downside bias and weighs against sustained breakout scenarios.
MACD: MACD stands at -0.07 with the MACD line below its signal (0.03) after a peak-and-reverse, indicating bearish momentum and limited upside from current momentum conditions.
MRO: MRO at -14.63 sits below zero, indicating price sits below a model target and implying potential upside from mean reversion; the MRO peak-and-reverse note supports the case for a corrective rebound rather than trend continuation.
RSI: RSI at 45.73 with a peak-and-reverse signals falling momentum without reaching classical oversold territory, consistent with momentum-driven weakness but leaving scope for a bounce if buying interest returns.
Price Versus Moving Averages & Bands: Last close $139.19 trades below the 20-day average ($147.01) and the 200-day average ($158.26), placing price beneath near- and long-term averages. Price sits below the 1x Bollinger lower band ($142.67), signaling elevated short-term dispersion and a setup prone to mean reversion toward the moving averages rather than trend breakout. Ichimoku short-term lines (Tenkan $145.58; Kijun $144.07) both lie above the close, reinforcing short-term resistance into the mid-$140s.
Fundamental Analysis
Revenue & Growth: Total revenue $726.7M with YoY revenue growth of approximately 3.91%. Quarterly revenue change shows a contraction on the quarter-over-quarter metric. Cloud revenue growth reported in company communications reached double-digit year-over-year levels for the cloud segment, supporting cloud-led momentum noted in corporate announcements.
Profitability & Margins: Operating (EBIT) margin equals 22.10%, up ~13.97 percentage points year-over-year and higher QoQ by ~4.43 percentage points. That operating margin sits below the industry peer mean of 34.27% and below the industry peer median of 43.47%, yet reflects recent margin expansion that contributes positively to valuation.
Earnings & Cash Flow: GAAP EPS $3.01 versus estimate $2.99 produced a small EPS surprise of ~0.67%. Net income $187.4M and operating cash flow $61.3M yield a cash-flow-to-earnings ratio above 100% (≈115.53%), while cash and short-term investments total $1.632B, supporting balance-sheet flexibility. Free cash flow $38.6M produces a free-cash-flow yield of ~0.39%, marginally below the industry peer mean of ~0.53%.
Leverage & Liquidity: Debt-to-assets at ~10.15% and debt-to-equity at ~14.45% sit below the industry peer means, indicating lighter leverage; the current ratio of 1.83x sits above the industry peer mean of 1.69x, reflecting a conservative near-term liquidity profile.
Valuation Snapshot: Price-to-earnings near 52.90x with price-to-book about 2.64x, while enterprise multiple measures ~42.69. WMDST values the stock as under-valued; that valuation reflects a mix of above-peer profitability expansion, strong cash reserves, modest top-line growth, and expectations embedded in forward metrics and company guidance.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-08-14 |
| NEXT REPORT DATE: | 2025-11-12 |
| CASH FLOW | Begin Period Cash Flow | $ 471.6 M |
| Operating Cash Flow | $ 61.3 M | |
| Capital Expenditures | $ -22.72 M | |
| Change In Working Capital | $ -200.22 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ 65.0 M | |
| End Period Cash Flow | $ 536.6 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 726.7 M | |
| Forward Revenue | $ 182.1 M | |
| COSTS | ||
| Cost Of Revenue | $ 241.6 M | |
| Depreciation | $ 44.6 M | |
| Depreciation and Amortization | $ 44.6 M | |
| Research and Development | $ 89.8 M | |
| Total Operating Expenses | $ 566.1 M | |
| PROFITABILITY | ||
| Gross Profit | $ 485.1 M | |
| EBITDA | $ 205.2 M | |
| EBIT | $ 160.6 M | |
| Operating Income | $ 160.6 M | |
| Interest Income | $ 14.8 M | |
| Interest Expense | — | |
| Net Interest Income | $ 14.8 M | |
| Income Before Tax | $ 175.4 M | |
| Tax Provision | $ -11.99 M | |
| Tax Rate | 23.0 % | |
| Net Income | $ 187.4 M | |
| Net Income From Continuing Operations | $ 187.4 M | |
| EARNINGS | ||
| EPS Estimate | $ 2.99 | |
| EPS Actual | $ 3.01 | |
| EPS Difference | $ 0.02 | |
| EPS Surprise | 0.669 % | |
| Forward EPS | $ 3.04 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 5.3 B | |
| Intangible Assets | $ 2.1 B | |
| Net Tangible Assets | $ 1.7 B | |
| Total Current Assets | $ 2.5 B | |
| Cash and Short-Term Investments | $ 1.6 B | |
| Cash | $ 535.0 M | |
| Net Receivables | $ 681.0 M | |
| Inventory | — | |
| Long-Term Investments | $ 217.2 M | |
| LIABILITIES | ||
| Accounts Payable | $ 81.6 M | |
| Short-Term Debt | $ 459.6 M | |
| Total Current Liabilities | $ 1.4 B | |
| Net Debt | — | |
| Total Debt | $ 539.0 M | |
| Total Liabilities | $ 1.6 B | |
| EQUITY | ||
| Total Equity | $ 3.7 B | |
| Retained Earnings | — | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 60.43 | |
| Shares Outstanding | 61.743 M | |
| Revenue Per-Share | $ 11.77 | |
| VALUATION | Market Capitalization | $ 9.9 B |
| Enterprise Value | $ 8.8 B | |
| Enterprise Multiple | 42.694 | |
| Enterprise Multiple QoQ | -8.014 % | |
| Enterprise Multiple YoY | -22.886 % | |
| Enterprise Multiple IPRWA | high: 634.148 mean: 91.301 median: 82.154 NICE: 42.694 low: -577.222 |
|
| EV/R | 12.056 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.423 | |
| Asset To Liability | 3.364 | |
| Debt To Capital | 0.126 | |
| Debt To Assets | 0.102 | |
| Debt To Assets QoQ | -1.399 % | |
| Debt To Assets YoY | 3834.884 % | |
| Debt To Assets IPRWA | high: 1.095 mean: 0.161 NICE: 0.102 median: 0.098 low: 0.002 |
|
| Debt To Equity | 0.144 | |
| Debt To Equity QoQ | -6.14 % | |
| Debt To Equity YoY | 3721.693 % | |
| Debt To Equity IPRWA | high: 3.008 mean: 0.299 median: 0.176 NICE: 0.144 low: -0.874 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 2.641 | |
| Price To Book QoQ | -7.251 % | |
| Price To Book YoY | -20.485 % | |
| Price To Book IPRWA | high: 34.07 mean: 12.083 median: 10.727 NICE: 2.641 low: -16.218 |
|
| Price To Earnings (P/E) | 52.899 | |
| Price To Earnings QoQ | -3.639 % | |
| Price To Earnings YoY | -22.772 % | |
| Price To Earnings IPRWA | high: 564.562 mean: 139.202 median: 130.187 NICE: 52.899 low: -357.639 |
|
| PE/G Ratio | 1.063 | |
| Price To Sales (P/S) | 13.559 | |
| Price To Sales QoQ | -4.729 % | |
| Price To Sales YoY | -21.494 % | |
| Price To Sales IPRWA | high: 113.355 median: 48.199 mean: 45.73 NICE: 13.559 low: 1.219 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 53.8 | |
| Forward PE/G | 1.081 | |
| Forward P/S | 54.106 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 2.214 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.138 | |
| Asset Turnover Ratio QoQ | 3.646 % | |
| Asset Turnover Ratio YoY | 4.772 % | |
| Asset Turnover Ratio IPRWA | high: 0.416 NICE: 0.138 mean: 0.13 median: 0.129 low: 0.0 |
|
| Receivables Turnover | 1.098 | |
| Receivables Turnover Ratio QoQ | 0.889 % | |
| Receivables Turnover Ratio YoY | -4.591 % | |
| Receivables Turnover Ratio IPRWA | high: 4.687 mean: 1.421 median: 1.257 NICE: 1.098 low: 0.131 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 83.137 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | — | |
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.63 | |
| CapEx To Revenue | -0.031 | |
| CapEx To Depreciation | -0.509 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 3.7 B | |
| Net Invested Capital | $ 4.2 B | |
| Invested Capital | $ 4.2 B | |
| Net Tangible Assets | $ 1.7 B | |
| Net Working Capital | $ 1.2 B | |
| LIQUIDITY | ||
| Cash Ratio | 1.18 | |
| Current Ratio | 1.834 | |
| Current Ratio QoQ | 14.864 % | |
| Current Ratio YoY | -25.208 % | |
| Current Ratio IPRWA | high: 9.787 NICE: 1.834 mean: 1.694 median: 1.353 low: 0.079 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 2.627 | |
| Cost Of Debt | 0.377 % | |
| Interest Coverage Ratio | 60.946 | |
| Interest Coverage Ratio QoQ | 8.384 % | |
| Interest Coverage Ratio YoY | 24.66 % | |
| Interest Coverage Ratio IPRWA | high: 181.115 NICE: 60.946 median: 54.034 mean: 37.759 low: -203.84 |
|
| Operating Cash Flow Ratio | 0.157 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 27.727 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 1.486 % | |
| Revenue Growth | 3.788 % | |
| Revenue Growth QoQ | -227.671 % | |
| Revenue Growth YoY | 390.674 % | |
| Revenue Growth IPRWA | high: 32.808 % median: 9.099 % mean: 6.949 % NICE: 3.788 % low: -28.474 % |
|
| Earnings Growth | 49.751 % | |
| Earnings Growth QoQ | -1101.631 % | |
| Earnings Growth YoY | 2038.908 % | |
| Earnings Growth IPRWA | high: 157.143 % NICE: 49.751 % median: 5.491 % mean: 4.708 % low: -200.0 % |
|
| MARGINS | ||
| Gross Margin | 66.754 % | |
| Gross Margin QoQ | -0.151 % | |
| Gross Margin YoY | 0.886 % | |
| Gross Margin IPRWA | high: 91.297 % mean: 72.331 % median: 68.585 % NICE: 66.754 % low: 33.069 % |
|
| EBIT Margin | 22.098 % | |
| EBIT Margin QoQ | 4.428 % | |
| EBIT Margin YoY | 13.966 % | |
| EBIT Margin IPRWA | high: 74.313 % median: 43.473 % mean: 34.27 % NICE: 22.098 % low: -124.558 % |
|
| Return On Sales (ROS) | 22.098 % | |
| Return On Sales QoQ | 4.428 % | |
| Return On Sales YoY | 13.966 % | |
| Return On Sales IPRWA | high: 76.082 % median: 44.901 % mean: 34.03 % NICE: 22.098 % low: -115.372 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 38.6 M | |
| Free Cash Flow Yield | 0.392 % | |
| Free Cash Flow Yield QoQ | -85.241 % | |
| Free Cash Flow Yield YoY | -69.612 % | |
| Free Cash Flow Yield IPRWA | high: 6.936 % median: 0.694 % mean: 0.529 % NICE: 0.392 % low: -8.108 % |
|
| Free Cash Growth | -85.412 % | |
| Free Cash Growth QoQ | -586.789 % | |
| Free Cash Growth YoY | 143.284 % | |
| Free Cash Growth IPRWA | high: 278.713 % median: 25.957 % mean: 12.327 % NICE: -85.412 % low: -316.997 % |
|
| Free Cash To Net Income | 0.206 | |
| Cash Flow Margin | 29.793 % | |
| Cash Flow To Earnings | 1.155 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 3.556 % | |
| Return On Assets QoQ | 44.788 % | |
| Return On Assets YoY | 55.081 % | |
| Return On Assets IPRWA | high: 18.439 % median: 4.609 % mean: 3.905 % NICE: 3.556 % low: -24.058 % |
|
| Return On Capital Employed (ROCE) | 4.09 % | |
| Return On Equity (ROE) | 0.05 | |
| Return On Equity QoQ | 35.977 % | |
| Return On Equity YoY | 49.896 % | |
| Return On Equity IPRWA | high: 0.214 median: 0.079 mean: 0.07 NICE: 0.05 low: -0.337 |
|
| DuPont ROE | 5.183 % | |
| Return On Invested Capital (ROIC) | 2.951 % | |
| Return On Invested Capital QoQ | 0.034 % | |
| Return On Invested Capital YoY | -142.601 % | |
| Return On Invested Capital IPRWA | high: 14.979 % median: 7.176 % mean: 5.598 % NICE: 2.951 % low: -13.978 % |
|