Dataconomy
  • News
    • Artificial Intelligence
    • Cybersecurity
    • DeFi & Blockchain
    • Finance
    • Gaming
    • Startups
    • Tech
  • Industry
  • Research
  • Resources
    • Articles
    • Guides
    • Case Studies
    • Glossary
    • Whitepapers
  • Newsletter
  • + More
    • Conversations
    • Events
    • About
      • About
      • Contact
      • Imprint
      • Legal & Privacy
      • Partner With Us
Subscribe
No Result
View All Result
  • AI
  • Tech
  • Cybersecurity
  • Finance
  • DeFi & Blockchain
  • Startups
  • Gaming
Dataconomy
  • News
    • Artificial Intelligence
    • Cybersecurity
    • DeFi & Blockchain
    • Finance
    • Gaming
    • Startups
    • Tech
  • Industry
  • Research
  • Resources
    • Articles
    • Guides
    • Case Studies
    • Glossary
    • Whitepapers
  • Newsletter
  • + More
    • Conversations
    • Events
    • About
      • About
      • Contact
      • Imprint
      • Legal & Privacy
      • Partner With Us
Subscribe
No Result
View All Result
Dataconomy
No Result
View All Result

Under New Chief’s Reign, NICE Systems Aim to Reverse Recent Stock Market Rout and Capitalise on Growing Demand for Data Analytics

byadmin
September 23, 2014
in News

NICE Systems, the telephone voice recording, data security, and surveillance firm, has had a turbulent run at the Stock Market.

The 21 percent rally, followed by the 17 percent dive since mid-April, after Barak Eilam took the helm as the chief executive officer in February had been proof enough of volatility for investors, precipitating the selloff from mid-April to mid-May – one of their worst shows at the stock market in the last two years.

Daniel Ives, an analyst at FBR Capital Markets, enunciates to the MalayMailOnline through phone, “It’s been some choppy execution over the last few quarters.”

However, Nice’s gain since Aug. 19 beat the 4.6 percent return on the Bloomberg Israel-US Equity Index and the company’s U.S.-listed shares rose 1.1 percent last week to $40.85 compared with a 0.5 percent retreat in the index, according to MalayMailOnline.

Soros Fund Management, led by Billionaire George Soros, increased its stake to 2.8 percent in Q2, to be Nice’s third-largest shareholder.

“Investors are starting to show some optimism that the new CEO could turn this around and help them restore some of the magic and go after this big data opportunity,” Ives added.

The stocks have been climbing, – a 7.4 percent over the past month – owing to the belief that under Eilam’s guidance the company might profit riding on the growing demand for data analytics.

Greg McDowell, an analyst with JMP Securities LLC in San Francisco, tells MalayMailOnline that the algorithms used by Nice to analyse unstructured data hasn’t fully been tapped to cater to the demand for analytics. Eilam, is beleived to be capable of changing this trend with his experience in Nice’s U.S. operations where he set up its data analytics group.

“That whole real-time analytics angle, selling that to their big install base, that’s a big component of their ability to accelerate growth,” McDowell told MalayMailOnline by phone. “Investors also see that there’s room for operations improvements in the business, and he’s the right guy to make these operational improvements.”

Read more here

Follow @DataconomyMedia

(Image Credit: Iman Mosaad)

Stay Ahead of the Curve!

Don't miss out on the latest insights, trends, and analysis in the world of data, technology, and startups. Subscribe to our newsletter and get exclusive content delivered straight to your inbox.

Tags: data analyticsStock Marketsurveillance

Related Posts

Tech News Today: Nvidia builds the AI world while Adobe and Canva fight to rule it

Tech News Today: Nvidia builds the AI world while Adobe and Canva fight to rule it

October 31, 2025
Disney+ and Hulu streams now look sharper on Samsung TVs with HDR10+

Disney+ and Hulu streams now look sharper on Samsung TVs with HDR10+

October 31, 2025
Min Mode: Android 17 to have a special Always-On Display

Min Mode: Android 17 to have a special Always-On Display

October 31, 2025
Samsung Internet beta brings Galaxy AI to Windows PCs

Samsung Internet beta brings Galaxy AI to Windows PCs

October 31, 2025
Amazon cancels its Lord of the Rings MMO again

Amazon cancels its Lord of the Rings MMO again

October 31, 2025
Windows 11 on Quest 3: Microsoft’s answer to Vision Pro

Windows 11 on Quest 3: Microsoft’s answer to Vision Pro

October 31, 2025
Please login to join discussion

LATEST NEWS

Tech News Today: Nvidia builds the AI world while Adobe and Canva fight to rule it

Disney+ and Hulu streams now look sharper on Samsung TVs with HDR10+

Min Mode: Android 17 to have a special Always-On Display

Samsung Internet beta brings Galaxy AI to Windows PCs

Amazon cancels its Lord of the Rings MMO again

Windows 11 on Quest 3: Microsoft’s answer to Vision Pro

Dataconomy

COPYRIGHT © DATACONOMY MEDIA GMBH, ALL RIGHTS RESERVED.

  • About
  • Imprint
  • Contact
  • Legal & Privacy

Follow Us

  • News
    • Artificial Intelligence
    • Cybersecurity
    • DeFi & Blockchain
    • Finance
    • Gaming
    • Startups
    • Tech
  • Industry
  • Research
  • Resources
    • Articles
    • Guides
    • Case Studies
    • Glossary
    • Whitepapers
  • Newsletter
  • + More
    • Conversations
    • Events
    • About
      • About
      • Contact
      • Imprint
      • Legal & Privacy
      • Partner With Us
No Result
View All Result
Subscribe

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Policy.