Verint Announces Q1 FY2021 Results
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June 10, 2020 8:06 AM EDT
Needham & Company analyst Ryan MacDonald reiterated a Buy rating and $53.00 price target on Verint Systems (NASDAQ: VRNT) following the company's 1Q earnings report. The COVID-19 pandemic resulted in on-premise deployment delays in both segments, leading to results that came in below expectations. 1QF21... More
June 9, 2020 4:08 PM EDT
Verint Systems (NASDAQ: VRNT) reported Q1 EPS of $0.52, $0.16 worse than the analyst estimate of $0.68. Revenue for the quarter came in at $287.3 million versus the consensus estimate of $323.29 million.
Following a strong February and March, in April we saw many customers delaying planned projects, primarily involving on-premises deployments. Looking forward, as offices re-open and travel restrictions are lifted, we expect a sequential improvement in Q2 and continued improvement in the second half of the year, said Dan Bodner, CEO.
Bodner continued, We are pleased to report significant progress on our plan to create two... More
