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

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

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

March 29, 2016 4:05 PM EDT

Conference Call to Discuss Selected Financial Information and Outlook to be Held Today at 4:30 p.m. ET

MELVILLE, N.Y.--(BUSINESS WIRE)-- Verint® Systems Inc. (NASDAQ: VRNT), a global leader in Actionable Intelligence® solutions and value-added services, today announced results for the three months and year ended January 31, 2016.

Despite under performance in Security Intelligence in Q4, we believe the need for sophisticated security intelligence solutions remains strong and the emerging market headwinds are temporary. In the current year, we expect growth in Enterprise Intelligence and longer-term, as... More