We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Here's How Much a $1000 Investment in Nice Made 10 Years Ago Would Be Worth Today
Read MoreHide Full Article
For most investors, how much a stock's price changes over time is important. This factor can impact your investment portfolio as well as help you compare investment results across sectors and industries.
Another thing that can drive investing is the fear of missing out, or FOMO. This particularly applies to tech giants and popular consumer-facing stocks.
What if you'd invested in Nice (NICE - Free Report) ten years ago? It may not have been easy to hold on to NICE for all that time, but if you did, how much would your investment be worth today?
Nice's Business In-Depth
With that in mind, let's take a look at Nice's main business drivers.
NICE is dominating the customer experience (CX) domain thanks to an AI-powered cloud platform designed for AI-driven digital business solutions within the enterprise software industry.
Israel-based NICE boasts a loyal customer base exceeding 25,000 organizations spanning 150 countries and various industries, encompassing 85 of the Fortune 100 companies.
In the full year ending Dec 31, 2023, NICE reported revenues of $2.38 billion. Cloud, Services and Products accounted for 66.5%, 27% and 6.5% of revenues, respectively.
NICE reports under two segments, Customer Engagement and Financial Crime and Compliance. In 2023, Customer Engagement accounted for 83% of total revenues, while Financial Crime and Compliance accounted for 17% of total revenues.
Customer Engagement offers transformative solutions through CXone, leveraging digital innovation and expansive market reach to enhance consumer experiences and transform Public Safety and Criminal Justice agencies' processes.
CX’s purpose-built AI, NICE Enlighten, is embedded across its entire platform and suite of applications. NICE Evidencentral is its Digital Evidence Management and Investigation Platform for public safety emergency communications, law enforcement and criminal justice transforms how digital evidence and data are managed.
Financial Crime and Compliance market offers comprehensive solutions through X-Sight and Xceed, safeguarding financial organizations and digital banks by identifying risks, preventing fraud and ensuring real-time compliance while expanding offerings to meet the demands of the digital banking era.
Geographically, the United States, Canada and Central and South America (Americas) accounted for 83.6% of revenues in 2023. Europe, the Middle East and Africa (EMEA) and Asia-Pacific (APAC) contributed 10.4% and 6% of revenues, respectively.
NICE faces competition from a diverse range of players in both the Customer Engagement and Financial Crime and Compliance markets.
Bottom Line
Anyone can invest, but building a successful investment portfolio takes a combination of a few things: research, patience, and a little bit of risk. So, if you had invested in Nice a decade ago, you're probably feeling pretty good about your investment today.
A $1000 investment made in December 2014 would be worth $3,834.21, or a 283.42% gain, as of December 18, 2024, according to our calculations. Investors should note that this return excludes dividends but includes price increases.
Compare this to the S&P 500's rally of 200.59% and gold's return of 113.25% over the same time frame.
Analysts are forecasting more upside for NICE too.
Nice is benefiting from strong momentum across its cloud business, which contributed 72.5% of total revenues and increased 24% year over year in the third quarter of 2024. The upside was driven by the rising adoption of the CXone platform. The significant boost in AI solution adoption, including the success of new products like autopilot and copilot, played a key role, with significant wins in large enterprise deals. NICE’s continuous investments in the global expansion of its cloud platform, aiming to reach a target of 75% cloud gross margin in the next three to five years, are attractive to investors. Its increasing international presence is a major positive. However, the company faces challenges from the shift to cloud solutions, reduced maintenance for on-premise systems, foreign exchange headwinds in APAC, and intense competition.
Over the past four weeks, shares have rallied 9.96%, and there have been 9 higher earnings estimate revisions in the past two months for fiscal 2024 compared to none lower. The consensus estimate has moved up as well.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Here's How Much a $1000 Investment in Nice Made 10 Years Ago Would Be Worth Today
For most investors, how much a stock's price changes over time is important. This factor can impact your investment portfolio as well as help you compare investment results across sectors and industries.
Another thing that can drive investing is the fear of missing out, or FOMO. This particularly applies to tech giants and popular consumer-facing stocks.
What if you'd invested in Nice (NICE - Free Report) ten years ago? It may not have been easy to hold on to NICE for all that time, but if you did, how much would your investment be worth today?
Nice's Business In-Depth
With that in mind, let's take a look at Nice's main business drivers.
NICE is dominating the customer experience (CX) domain thanks to an AI-powered cloud platform designed for AI-driven digital business solutions within the enterprise software industry.
Israel-based NICE boasts a loyal customer base exceeding 25,000 organizations spanning 150 countries and various industries, encompassing 85 of the Fortune 100 companies.
In the full year ending Dec 31, 2023, NICE reported revenues of $2.38 billion. Cloud, Services and Products accounted for 66.5%, 27% and 6.5% of revenues, respectively.
NICE reports under two segments, Customer Engagement and Financial Crime and Compliance. In 2023, Customer Engagement accounted for 83% of total revenues, while Financial Crime and Compliance accounted for 17% of total revenues.
Customer Engagement offers transformative solutions through CXone, leveraging digital innovation and expansive market reach to enhance consumer experiences and transform Public Safety and Criminal Justice agencies' processes.
CX’s purpose-built AI, NICE Enlighten, is embedded across its entire platform and suite of applications. NICE Evidencentral is its Digital Evidence Management and Investigation Platform for public safety emergency communications, law enforcement and criminal justice transforms how digital evidence and data are managed.
Financial Crime and Compliance market offers comprehensive solutions through X-Sight and Xceed, safeguarding financial organizations and digital banks by identifying risks, preventing fraud and ensuring real-time compliance while expanding offerings to meet the demands of the digital banking era.
Geographically, the United States, Canada and Central and South America (Americas) accounted for 83.6% of revenues in 2023. Europe, the Middle East and Africa (EMEA) and Asia-Pacific (APAC) contributed 10.4% and 6% of revenues, respectively.
NICE faces competition from a diverse range of players in both the Customer Engagement and Financial Crime and Compliance markets.
Bottom Line
Anyone can invest, but building a successful investment portfolio takes a combination of a few things: research, patience, and a little bit of risk. So, if you had invested in Nice a decade ago, you're probably feeling pretty good about your investment today.
A $1000 investment made in December 2014 would be worth $3,834.21, or a 283.42% gain, as of December 18, 2024, according to our calculations. Investors should note that this return excludes dividends but includes price increases.
Compare this to the S&P 500's rally of 200.59% and gold's return of 113.25% over the same time frame.
Analysts are forecasting more upside for NICE too.
Nice is benefiting from strong momentum across its cloud business, which contributed 72.5% of total revenues and increased 24% year over year in the third quarter of 2024. The upside was driven by the rising adoption of the CXone platform. The significant boost in AI solution adoption, including the success of new products like autopilot and copilot, played a key role, with significant wins in large enterprise deals. NICE’s continuous investments in the global expansion of its cloud platform, aiming to reach a target of 75% cloud gross margin in the next three to five years, are attractive to investors. Its increasing international presence is a major positive. However, the company faces challenges from the shift to cloud solutions, reduced maintenance for on-premise systems, foreign exchange headwinds in APAC, and intense competition.
Over the past four weeks, shares have rallied 9.96%, and there have been 9 higher earnings estimate revisions in the past two months for fiscal 2024 compared to none lower. The consensus estimate has moved up as well.