Verint Systems (VRNT) tops Q3 EPS by 9c, to separate into two independent public companies
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Verint Systems (VRNT) PT Raised to $57 at Needham & Company on Separation Plan
December 5, 2019 7:03 AM ESTNeedham & Company analyst Ryan MacDonald raised the price target on Verint Systems (NASDAQ: VRNT) to $57.00 (from $53.00) while maintaining a Buy rating following mixed Q3 results but a plan to split the business.
The analyst commented, "We are reiterating our Buy rating, while... More
Verint Systems (VRNT) to Resume Trading at 4:35 pm
December 4, 2019 4:09 PM ESTVerint Systems (NASDAQ: VRNT) to Resume Trading at 4:35 pm
... MoreVerint Systems (VRNT) to Separate into Two Independent Publicly Traded Companies
December 4, 2019 4:07 PM ESTVerint® Systems Inc. (NASDAQ: VRNT), today announced that its Board of Directors has unanimously approved proceeding with a plan to separate Verint into two independent companies: one of which will consist of its customer engagement business, and one of which will consist of its cyber intelligence business. Verint expects to complete the separation shortly after the end of Verints next fiscal year ending January 31, 2021.
With our customer engagement business approaching $1 billion in annual revenue and our cyber intelligence business approaching $500 million in annual revenue, we believe the two independent, publicly... More
