Verint Announces Strong FY2019 Results and Raises Guidance for FY2020
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March 28, 2019 12:34 PM EDT
RBC Capital analyst Dan Bergstrom raised the price target on Verint Systems (NASDAQ: VRNT) to $65.00 (from $58.00) while maintaining a Outperform rating following results.
"Results continue to reflect strong trends while the outlook for FY/20 moves higher and implies strong results from both segment," Bergstrom stated.
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March 27, 2019 4:08 PM EDT
Verint Systems (NASDAQ: VRNT) reported Q4 EPS of $1.08, $0.07 better than the analyst estimate of $1.01. Revenue for the quarter came in at $337 million versus the consensus estimate of $332.54 million.
We believe our strong results and over achievement reflect the successful execution of the growth strategy that we implemented approximately two years ago. We learned about our customers\' mounting business and security challenges, and we responded by accelerating our automation... More
