Why Nice Stock Sank Today

Shares of specialized cloud platforms provider Nice (NICE -7.19%) were down 8% at noon ET Thursday, according to data provided by S&P Global Market Intelligence. Nice reported first-quarter earnings that saw sales and operating cash flow rise by 6% and 12%, beating analysts' expectations on the top and bottom lines.The company also offered up guidance that matched analysts' expectations, but the market's reaction seems to say they were hoping management was sandbagging its outlook.Nice's perfectly fine resu ...