India, Feb. 20 -- NICE Ltd. (NICE) is down 16.05 percent, falling $28.58 to trade at $149.85, even as the company reported a 16 percent year-over-year increase in revenue to $721.6 million and a 22 percent rise in net income to $99.5 million for the fourth quarter.

The stock opened at $158.80 and has traded between $147.38 and $159.00 today.

Volume has surged to 1.98 million shares, well above its average of 419,349. NICE's 52-week range is $147.38 to $270.73.

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