New CEO at Soros-Backed Nice Has Big Data Plan After Rout
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It’s been a volatile seven months in the stock market for Nice Systems Ltd. since Barak Eilam was named chief executive officer in February. First, there was a 21 percent rally, then a 17 percent plunge starting in mid-April.
The stock is back in rally mode now, climbing 7.4 percent over the past month, as investors gain confidence that Eilam can shore up the company’s profits by tapping into growing demand for data analytics. It was a worse-than-expected first-quarter earnings report, released about a month after Eilam officially took over, that unnerved investors and triggered the selloff from mid-April to mid-May that marked its worst rout in almost two years.