Verint Systems (VRNT) Misses Q4 EPS by 27c; Approves $150M Stock Buyback

March 29, 2016 4:06 PM EDT
Get Alerts VRNT Hot Sheet
Price: $50.38 -0.43%

EPS Growth %: -41.8%

Financial Fact:
Total revenue: 258.9M

Today's EPS Names:
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Verint Systems (NASDAQ: VRNT) reported Q4 EPS of $0.90, $0.27 worse than the analyst estimate of $1.17. Revenue for the quarter came in at $280.8 million versus the consensus estimate of $318.04 million.

Financial Outlook

Below is Verint's non-GAAP outlook for the year ending January 31, 2017.

  • We expect revenue as follows:
    • In our Enterprise Intelligence segment, we expect mid-to-high single digit revenue growth.
    • In our Security Intelligence segments, we expect a decline in revenue of between 10% to 15%.
  • Based on the above, for the year ending January 31, 2017, we expect total revenue to be similar to the year ended January 31, 2016, +/- 2.0% and diluted earnings per share to be similar to the year ended January 31, 2016 (excluding any benefit to diluted earnings per share from the share repurchase program described below).

Share Buyback Program

Today we are announcing that Verint’s board of directors has authorized the Company to repurchase up to $150 million of common stock over the next two years. The specific timing, price and size of purchases will depend on prevailing stock prices, general market and economic conditions, and other considerations, including the amount of cash generated in the U.S. and other potential uses of cash, such as acquisitions. The program may be extended, suspended or discontinued at any time without prior notice.

For earnings history and earnings-related data on Verint Systems (VRNT) click here.

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