Guru: Zack Miller
Newsletter: Israel Opportunity
Investor
BUY: NICE Systems
(nasdaq: NICE)
Looking out into the second half of 2008, we
like the Israeli security company, NICE
Systems. In the wake of the New York
Governor Spitzer debacle, the Societe Generale
fraud case and the continued war of terror,
there is a renewed focus on following the
money trail. The stock looks cheap here on a
historical basis and has big potential upside.
Actimize, recently purchased by NICE, is a
global leader in transaction analytics and its
solutions are being adopted with increasing
momentum by financial institutions worldwide.
We see growing revenue opportunities in
Asia-Pacific with the firm continuing to land
sizable contracts with Japanese banks.
While some analysts are concerned about a
slowdown in spending by the financial sector,
we believe that banks are still
focusing on AML, Anti-Money
Laundering, and ultimately, this
sector will be driven by regulatory
and compliance demands, which are relatively
insensitive to macro factors.
KEY STATS:
Recent Price: $31.30
52 Week High: $40.95
52 Week Low: $24.90
Market Cap ($BIL): $1.8
2007 Revenues ($MIL): $517.37
2007 Net Income ($MIL): $37.38
2007 EPS: $0.67
2007 Gross Margin: 58.3
2008 Est. EPS: $1.71
2008 Est. P/E: 18.7
Dividend Yield (%): NA
Short Interest/float (%): 1.7
Forbes Gurus---25 Stocks, ETFs and Funds for the Second Half 2008
13
(Nasdaq: NICE)
NICE-Systems, Ltd., together with its subsidiaries, develops, markets, and supports integrated, scalable multimedia digital recording platforms, enhanced software applications, operational risk management software solutions, and related professional services. The company offers solutions that capture and analyze unstructured data and convert it for business and security performance management applications. Its unstructured data include various forms of interaction, such as voice, fax, email, Web chat, radio, and video transmissions over wire line, wireless, packet telephony, terrestrial trunk radio, and data networks, as well as trading floors, branches, home agents and back offices, Internet sessions, and converged multimedia solutions. The company offers enterprise business solutions, including recording, monitoring, quality management, workforce management, and business performance management solutions; security solutions that comprises voice and digital platforms and applications, and lawful interception products; and operational risk compliance, fraud detection, and anti-money-laundering solutions for transaction monitoring and suspicious activity reporting for financial institutions in securities, banking, insurance, credit card, and money services industries. The company serves enterprise interaction solutions, and contact centers and trading floors sectors; public safety and security sector; and financial services, telecommunications, health care, outsourcers, retail, service providers, and utilities industries. It offers its products primarily through a network of distributors, system integrators, and strategic partners; and directly to end-users primarily in North America, Europe, the Middle East and Africa, and the Asia Pacific. The company was founded in 1986. It was formerly known as NICE Neptun Intelligent Computer Engineering, Ltd. and changed its name to NICE-Systems, Ltd. in 1991. The company is based in Ra'anana, Israel.
Analysts'
Recommendation: | Buy |
| 30 Days Ago: | Buy |
|
| Analysts' Target: | $35 |
| Analysts' Targets |
| Soleil Group | $35 |
| Buy |
Tuesday, April 15, 2008
|
$28.07 (07/19/08)
