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Fly News Breaks for March 30, 2016
VRNT
Mar 30, 2016 | 07:30 EDT
After Verint reported weaker than expected results, Oppenheimer blamed the weakness in the company's security business on "macro changes in emerging markets." However, the firm is encouraged by the company's $150M share buyback initiative and believes that its valuation nearly bottomed in yesterday's after hours trading.The firm cut its price target on the name to $49 from $60 but keeps an Outperform rating on the shares.
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