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Fly News Breaks for March 29, 2018
VRNT
Mar 29, 2018 | 08:47 EDT
RBC Capital analyst Dan Bergstrom raised his price target on Verint to $50 from $48, saying the company's Q4 earnings beat showed "improved consistency from each segment and better positioning". Bergstrom adds that the company's FY19 outlook for margin expansion was a positive surprise that well be "well received" by investors, noting that it also appears to be sustainable. The analyst keeps his Outperform rating on Verint and believes the company should outperform its peers amid growth in the unstructured data analytics and security segments, further adding that valuation on the stock looks "reasonable".
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