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Israeli Nice Systems Is Back in the Saddle with Data Analytics


Nice Systems, an Israeli data security company, has been on a roller coaster ride, but may be on its way up again. When new CEO Barak Eilam was named in February, the stock rallied 21% only to fall 17% since mid-April. Eilam wasn’t responsible for the sell-off, since the worse than expected earnings report was released just shortly after he took the reins, but the stock saw its biggest decline in 2 years.

Daniel Ives, analyst at FBR capital markets, says management at the company has been “choppy” but investors feel confident again. Nice’s run-up in August surpassed the 4.5% gain for the Bloomberg Israel-US equity index.

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George Soros, the third largest shareholder of Nice, bought 37% more shares of the company in the second quarter and now his stake is at 2.8%.

Nice Systems analyzes surveillance data it collects. Eilam wants to incorporate this approach with data analytics, which could accelerate growth. While its profit fell by 4.5%, Marty Cohen, director of investor relations says that, “We’ve seen consistent growth and particularly around data analytics, we’ve been seeing rapid growth.”



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