Verint Reports Fourth Quarter and Full Year Results and Announces $150 Million Share Buyback Program

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Oppenheimer Cuts Price Target on Verint Systems (VRNT) to $49 as Headwinds Persist

March 30, 2016 7:57 AM EDT

Oppenheimer maintained an Outperform rating on Verint Systems (NASDAQ: VRNT), and cut the price target to $49.00 (from $60.00), following the company's 4Q earnings report. VRNT reported EPS of $0.90, missing the consensus estimate of $1.16. VRNT cited two examples of emerging markets Security headwinds: one in which currency devaluation reduced... More

Deutsche Bank Downgrades Verint Systems (VRNT) to Hold

March 30, 2016 6:45 AM EDT

Deutsche Bank downgraded Verint Systems (NASDAQ: VRNT) from Buy to Hold with a price target of $35.00 (from $50.00). The change follows weak results.

"We are downgrading VRNT to Hold from Buy as we expect the emerging market security biz slowdown and lower than... More

Credit Suisse Downgrades Verint Systems (VRNT) to Underperform

March 30, 2016 6:36 AM EDT

Credit Suisse downgraded Verint Systems (NASDAQ: VRNT) from Neutral to Underperform with a price target of $29.00.

Analyst M. Nemeroff commented, " Following last qtr's large miss, the miss in F4Q was even larger and mgmt. guided F2017 revenue/EPS well below... More

Verint Systems (VRNT), FormFactor (FORM) to Resume Trading at 4:35 PM ET

March 29, 2016 4:24 PM EDT

Verint Systems (NASDAQ: VRNT), FormFactor (NASDAQ: FORM) to Resume Trading at 4:35 PM ET

... More

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

March 29, 2016 4:06 PM EDT

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,... More