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Fly News Breaks for May 31, 2018
VRNT
May 31, 2018 | 04:52 EDT
Imperial Capital analyst Jeff Kessler upgraded Verint Systems to Outperform and raised his price target for the shares to $49.50 from $47. The analyst sees improving margins in the company's Cybersecurity division and highlights its greater percentage of "more predictable, medium-sized" contracts division. He believes the potential acquisition of NSO Group shows Verint's continuing interest in expanding its cyber division. While the seasonally weak fiscal Q1 may be lackluster in year-to-year comparisons, the stage is being set for stronger quarterly comparisons as the fiscal year moves on, Kessler tells investors in a research note.
News For VRNT From the Last 2 Days
VRNT
Mar 27, 2024 | 17:19 EDT
Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSRH... To see the rest of the story go to thefly.com. See Story Here
VRNT
Mar 27, 2024 | 16:06 EDT
Reports Q4 revenue $265M, consensus $263.12M. "The market today is looking to increase CX Automation, and Verint is leading the way with an AI-powered open platform. I am pleased to report strong Q4 results, ahead of our expectations. Our differentiated approach to CX Automation enables Verint to deliver tangible AI business outcomes better than any other vendor in our market. Our customers purchase our AI innovation in Bundled SaaS, and we are pleased with our 16% year-over-year increase in Bundled SaaS New ACV bookings in Q4, and our over 20% year-over-year increase in Bundled SaaS pipeline as of the end of Q4. For the current year we are raising our outlook to reflect our AI momentum," said Dan Bodner, Verint CEO.