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NICE Justice to Aid in Streamlining Criminal Proceedings

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Nice (NICE - Free Report) is benefiting from an expanding clientele. It recently announced that the Webb County District Attorney's Office will use its Justice digital evidence management solution to streamline the criminal justice process.

The NICE Justice digital evidence management solution is part of NICE’s Evidencentral platform. The solutions offer a unified gateway for law enforcement agencies, utilizing AI-driven features such as face detection and transcription to streamline evidence management, allowing legal professionals to focus on developing compelling cases with accurate and timely evidence.

Nice’s solutions have been gaining popularity among government agencies in recent times. NICE Justice has been selected by the Alaska Department of Law, the Office of the District Attorney of Allegheny County, and the Douglas County District Attorney’s Office in Georgia in recent times.

Nice’s Prospects Strong

Nice has a diverse portfolio, which is helping it to gain new customers. Actimize, Evidencentral, CXone, Inform Elite, Robotic Process Automation, and Investigate are some of the company's solutions that are gaining popularity. The recently announced criminal justice solution is likely to provide a further boost to the top line.

The company's CXone enables it to significantly extend its addressable market while generating industry-leading growth.

Recently, NICE implemented its financial crime solutions for GoTyme Bank (a partnership between the Gokongwei Group and Singapore-based digital banking group Tym), enhancing fraud prevention and supporting its innovative cloud-only banking approach in the Philippines.

Q3 View Strong

Nice expects total revenues between $590 million and $600 million in the third quarter of fiscal 2023.
 

Nice Price and Consensus

Nice Price and Consensus

Nice price-consensus-chart | Nice Quote

 

The Zacks Consensus Estimate for fiscal third-quarter 2023 revenues is pegged at $594.58 million, indicating 7.2% growth year over year.

Zacks Rank & Stocks to Consider

NICE currently has a Zacks Rank #3 (Hold).

Nice shares have lost 10.6% year to date against the Zacks Internet Software industry’s increase of 49.7%.

Some better-ranked stocks in the broader technology sector are NVIDIA (NVDA - Free Report) , DoorDash (DASH - Free Report) and Arista Networks (ANET - Free Report) . While NVIDIA sports a Zacks Rank #1 (Strong Buy), DoorDash and Arista Networks carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.

NVIDIA shares have gained 239.8% in the year-to-date period. NVIDIA's long-term earnings growth rate is currently projected at 13.50%.

DoorDash’s shares have gained 91.9% in the year-to-date period. DoorDash’s long-term earnings growth rate is currently projected at 42.13%.

Arista Networks’ shares have gained 77.3% in the year-to-date period. Arista Networks’ long-term earnings growth rate is currently projected at 20.40%.


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