Earlier this yr, when it launched its fourth quarter 2024 financials, expertise firm Good (TASE: NICE; Nasdaq: NICE) supplied annual steering that disenchanted traders, and its share value fell sharply. Now, Good has left its annual income steering unchanged, however raised its steering for web revenue.
Good, which because the starting of this yr has been headed by Scott Russell (who changed Barak Eilam, who stepped down after a decade as CEO), gives buyer relations administration and threat administration options. The corporate expects non-GAAP earnings per share for the yr of $12.28-12.48, which compares with earlier steering of $12.13-12.33. The income steering stays at $2.918-2.938 billion. For the second quarter, the steering is near analysts’ estimates, at $709-719 million income (7% development) and earnings per share of $2.93-3.03.
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Is Good able to bounce again?
Within the first quarter, Good beat the consensus analysts’ estimate. Income grew by 6.2% to $700 million. GAAP-based web revenue grew by 21.5% to $129 million, and non-GAAP web revenue grew by 7.9% to $185 million, or $2.87 per share.
“We’re happy to report one other sturdy quarter. Cloud income grew 12% within the first quarter in comparison with the identical interval final yr, powering continued profitability, together with an extra enlargement in working margin and a double-digit improve in earnings per share,” Russell stated. “We additionally delivered file quarterly money circulation within the first quarter, with money from operations rising to $285 million-a 12% year-over-year improve. Our industry-leading monetary profile continues to distinguish us from rivals, giving us wonderful monetary flexibility to take a position strategically to speed up our long-term development.” He added that “our AI and self-service income elevated 39% yr over yr.”
Most analysts constructive on the inventory
On the finish of the second quarter, Good had $1.6 billion money, versus debt of $459 million. The corporate has introduced a share buyback program amounting to $500 million. Good’s share value is flat for the yr thus far, and has fallen 25.7% up to now twelve months, for numerous causes, amongst them Eilam’s departure, and fears of competitors and the affect of AI. The corporate’s market cap on Nasdaq and in Tel Aviv is $10.7 billion. On the peak, in 2021, it had a market cap of $20 billion.
In keeping with “The Wall Road Journal”, nineteen analysts cowl Good, and most of them give the corporate a constructive ranking. Fourteen have “Purchase”/”Outperform” scores, 5 are impartial, and none recommends “Promote.” Their value targets vary from $153 to $300 (in 2021, the share value went above $300), the common being $202, representing a 19% premium over the present value on Nasdaq.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on Might 15, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
