Oppenheimer Remains Bullish following Verint Systems (VRNT) User Conference

Oppenheimer reiterates an Outperform rating and $70.00 price target on Verint Systems (NASDAQ: VRNT) following VRNT's "Engage 2015" conference. Analyst Shaul Eyal feels that VRNT's Threat Protection System (TPS), unveiled during the event, will be a major growth engine in the coming years.

Eyal commented, "We reiterate our Outperform following VRNT's "Engage 2015" user conference which included an analyst track. Our bullish stance is driven by: 1. VRNT's Threat Protection System (TPS) unveiled during the event represents a major growth engine for the coming years; 2. VRNT enjoys a duopoly position in its core customer engagement/ workforce optimization market to which it is selling a cohesive platform rather than point solutions (higher price tags); 3. In both end markets (security & CRM), VRNT is expanding its TAM opportunity which could become the fuel for continued low/mid teens organic growth rate; 4. The current investment phase could show fruition and margin expansion over the next few years pushing margins toward mid 20s."

For an analyst ratings summary and ratings history on Verint Systems click here. For more ratings news on Verint Systems click here.

Shares of Verint Systems closed at $61.99 yesterday.

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