Why NICE Systems (NICE) Stock Is Down Today

NEW YORK (TheStreet) -- NICE Systems (NICE) was falling -8.6% to $38.30 Thursday after missing analysts' estimates for earnings and revenue in the first quarter.

For the first quarter NICE Systems reported revenue of 57 cents a share, missing the Capital IQ Consensus Estimate of 61 cents by 4 cents. Revenue grew 1.9% from the year-ago quarter to $229 million. Analysts expected revenue of $235.9 million for the quarter.

Looking forward to full-year 2014 NICE Systems expects EPS of $2.68 to $2.80 a share, while analysts expect earnings of $2.79 for the year. The company forecasts revenue of $995 million to $1.03 billion for the year, compared to analysts' expectations of $1.02 billion.

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TheStreet Ratings team rates NICE SYSTEMS LTD as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

"We rate NICE SYSTEMS LTD (NICE) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

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