BOSTON, May 22, 2024 (GLOBE NEWSWIRE) -- Rhythm Pharmaceuticals, Inc. (Nasdaq: RYTM), a global commercial-stage biopharmaceutical company focused on transforming the lives of patients and their families living with rare neuroendocrine diseases, today announced the National Institute for Health and Care Excellence (NICE) has issued guidance that recommends IMCIVREE® (setmelanotide) as an option for treating obesity and the control of hunger (hyperphagia) in genetically confirmed Bardet-Biedl syndrome (BBS) i ...

A downtrend has been apparent in Nice (NICE) lately with too much selling pressure. The stock has declined 10.6% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround. Technically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beaut ...

Nice (NICE) reported adjusted earnings of $2.58 per share in first-quarter 2024, beating the Zacks Consensus Estimate by 5.31% and increasing 27% year over year. Non-GAAP revenues of $659 million trumped the consensus mark by 0.69% and rose 15% year over year. The uptick was primarily driven by the continued strength of its cloud business and the ongoing expansion of its customer base. Revenues in Americas were $559 million, up 18% year over year. The same in EMEA was $67 million in the reported quarter, up ...

Financial Data and Key Metrics - Total revenue reached $659 million, a 15% YoY increase, hitting the high end of guidance [7] - Cloud revenue grew 27% YoY to $468 million, representing 71% of total revenue [16] - Operating margin increased by 170 basis points to 30.3% [7] - Non-GAAP EPS was $2.58, a 27% YoY increase, exceeding guidance [7] - Operating cash flow reached a record $254 million, up 30% YoY [25] Business Line Data and Key Metrics - Customer engagement revenue, representing 84% of total revenue, grew 17% YoY to $551 million [60] - Financial Crime and Compliance revenue, representing 16% of total revenue, grew 8% YoY to $108 million [60] - Cloud gross margin was 69.8%, slightly down YoY due to investments in global expansion [18] - Recurring revenue increased to 88% of total revenue, up from 85% last year [34] Market Data and Key Metrics - Americas region, representing 85% of total revenue, grew 18% YoY [129] - EMEA region, representing 10% of total revenue, grew 7% YoY [17] - APAC region, representing 5% of total revenue, saw a slight YoY decline [17] - Cloud growth in international regions offset declines in on-premise revenue [17] Company Strategy and Industry Competition - The company's platform strategy, particularly CXone, is driving market leadership with high cloud win rates, digital convergence, and AI opportunities [26] - CXone is positioned as the most comprehensive enterprise-grade CX cloud platform, attracting large enterprises and displacing legacy vendors [8][27] - AI integration is a key focus, with every CX deal above $1 million ACV including AI in Q1 [30] - The company is leveraging AI to expand into new touchpoints and channels, increasing customer ARPU by 40% or more in some cases [55] Management Commentary on Operating Environment and Future Outlook - Management highlighted the strong demand for CX AI offerings and the successful integration of LiveVox as key drivers of growth [19] - The company expects to continue delivering industry-best financial performance throughout 2024 [19] - Cloud gross margin is expected to reach 75% in the next 3-5 years due to increasing enterprise cloud adoption [18] - The company reiterated full-year 2024 revenue guidance of $2.715 billion to $2.735 billion, representing 15% growth at the midpoint [63] Other Important Information - The company announced the planned transition of CEO Barak Eilam, with a search process underway for his successor [6][24] - The company completed a $42 million share buyback in Q1 and plans to complete a $300 million buyback program by year-end [62] - The company will host its Investor Day on June 11 in conjunction with its Interactions user conference in Las Vegas [23] Q&A Session Summary Question: CEO Transition and Successor Criteria - The CEO transition has been planned for some time, with the search focusing on candidates experienced in scaling enterprise software businesses [40][68] - The current CEO plans to stay until the end of 2024 and support the transition into 2025 [41] Question: Cloud Revenue Growth and Guidance - The company reiterated its 18% organic cloud revenue growth target for 2024, with no changes to expectations [69][94] - On-premise revenue strength in Q1 did not lead to a full-year revenue guidance increase due to the small impact relative to total revenue [75] Question: AI Monetization and Pricing Models - AI monetization is primarily based on interaction volumes rather than per-user pricing, with significant ARPU uplift potential [104] - The company is seeing rapid adoption of AI solutions, with a 200% YoY surge in ENLIGHTEN AI deals in Q1 [55] Question: LiveVox Integration and Contribution - LiveVox integration is proceeding as planned, with positive contributions to profitability and a promising joint pipeline [44][71] - The company did not disclose specific LiveVox revenue contributions but noted alignment with expectations [116] Question: SMB Segment Performance - The SMB segment has stabilized after compression in 2023, with no incremental pressure observed in Q1 [79] Question: AI Use Cases and Adoption - AI adoption is accelerating, with customers leveraging AI for agent augmentation and full automation of tasks [99] - The company is expanding into new touchpoints and channels previously not addressed, driven by AI capabilities [117]

Nice (NICE) reported $659.31 million in revenue for the quarter ended March 2024, representing a year-overyear increase of 15.3%. EPS of $2.58 for the same period compares to $2.03 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $654.81 million, representing a surprise of +0.69%. The company delivered an EPS surprise of +5.31%, with the consensus EPS estimate being $2.45. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...

Nice (NICE) is set to release first-quarter 2024 results on May 16. For the to-be-reported quarter, NICE projects non-GAAP revenues to be between $650 million and $660 million, indicating 15% growth at the midpoint. Non-GAAP earnings are estimated in the $2.40-$2.50 per share band. The Zacks Consensus Estimate for revenues is pegged at $654.81 million, indicating an increase of 14.5% from the year-ago quarter's reported figure. The consensus mark for earnings has been stable in the past 30 days at $2.45 per ...

The upcoming report from Nice (NICE) is expected to reveal quarterly earnings of $2.45 per share, indicating an increase of 20.7% compared to the year-ago period. Analysts forecast revenues of $654.81 million, representing an increase of 14.5% year over year.The consensus EPS estimate for the quarter has been revised 0.1% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prior to a ...

Nice (NICE) closed the latest trading day at $222.10, indicating a +0.28% change from the previous session's end. This change lagged the S&P 500's 1.03% gain on the day. Elsewhere, the Dow gained 0.46%, while the tech-heavy Nasdaq added 1.19%.Prior to today's trading, shares of the software company had lost 9.27% over the past month. This has lagged the Computer and Technology sector's loss of 0.68% and the S&P 500's loss of 1.57% in that time.Investors will be eagerly watching for the performance of Nice i ...

The most recent trading session ended with Nice (NICE) standing at $225.35, reflecting a -0.06% shift from the previouse trading day's closing. This change lagged the S&P 500's daily gain of 0.32%. Elsewhere, the Dow saw an upswing of 0.38%, while the tech-heavy Nasdaq appreciated by 0.35%.The software company's shares have seen a decrease of 13.48% over the last month, not keeping up with the Computer and Technology sector's loss of 1.9% and the S&P 500's loss of 2%.Investors will be eagerly watching for t ...

Nice (NICE) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this software company have returned -9.7%, compared to the Zacks S&P 500 composite's -3% change. During this period, the Zacks Internet - Software industry, which Nice falls in, has lost 4.2%. The key question now is: What could be the stock's future direction?While media releases or rumors about ...