Earlier this 12 months, when it launched its fourth quarter 2024 financials, know-how firm Good (TASE: NICE; Nasdaq: NICE) supplied annual steering that dissatisfied buyers, and its share worth fell sharply. Now, Good has left its annual income steering unchanged, however raised its steering for internet revenue.
Good, which because the starting of this 12 months has been headed by Scott Russell (who changed Barak Eilam, who stepped down after a decade as CEO), supplies buyer relations administration and danger administration options. The corporate expects non-GAAP earnings per share for the 12 months 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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Within the first quarter, Good beat the consensus analysts’ estimate. Income grew by 6.2% to $700 million. GAAP-based internet revenue grew by 21.5% to $129 million, and non-GAAP internet revenue grew by 7.9% to $185 million, or $2.87 per share.
“We’re happy to report one other robust quarter. Cloud income grew 12% within the first quarter in comparison with the identical interval final 12 months, powering continued profitability, together with an extra growth in working margin and a double-digit enhance in earnings per share,” Russell stated. “We additionally delivered file quarterly money circulate within the first quarter, with money from operations rising to $285 million-a 12% year-over-year enhance. 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% 12 months over 12 months.”
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 worth is flat for the 12 months thus far, and has fallen 25.7% prior to now twelve months, for numerous causes, amongst them Eilam’s departure, and fears of competitors and the impression 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.
Based on “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 worth targets vary from $153 to $300 (in 2021, the share worth went above $300), the typical being $202, representing a 19% premium over the present worth on Nasdaq.
Printed by Globes, Israel enterprise information – en.globes.co.il – on Might 15, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
