Verint Systems (VRNT) PT Lowered to $40 at Needham & Company

Go back to Verint Systems (VRNT) PT Lowered to $40 at Needham & Company

Verint Systems (VRNT) sinks 18% on weak results, guidance; Earns 2 downgrades

September 7, 2023 7:25 AM EDT

Verint Systems (NASDAQ: VRNT) shares fell 18% in early Thursday trade after the company offered a weaker-than-expected full-year sales outlook.

Adjusted EPS came in at $0.48 on revenue of $210.4 million, which compares to the consensus for EPS of $0.57 on revenue of $225.1 million. The company's adjusted... More