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VRNT - Verint Systems Inc News Story

$46.67 -0.0  -0.0%

Last Trade - 07/05/21

Sector
Technology
Size
Mid Cap
Market Cap £2.20bn
Enterprise Value £2.41bn
Revenue £911.6m
Position in Universe 1876th / 6858

BUZZ-Verint Systems: Falls on disappointing Q1 results, PT cut

Wed 10th June, 2020 12:58pm
** Shares of data analytics firm  VRNT.O  fall 8.73% to 
$45.5 premarket
    ** VRNT posts Q1 rev of $287.3 mln, below Street estimates
of $323.3 mln; adj. EPS of 52 cents also misses expectations of
68 cents - Refinitiv IBES data
    ** Company expects sequential improvement in Q2 which will
continue throughout 2H FY20  urn:newsml:reuters.com:*:nBw3jXXFfa
    ** Wedbush cuts PT by $2 to $53, saying VRNT is seeing many
large projects delayed across the board amid the coronavirus
crisis
    ** All 7 brokerages covering the stock rate it "buy" or
higher; their median PT is $54
    ** Up to Tuesday's close, stock had fallen ~10% YTD

 (Reporting by Amal S in Bengaluru)
 ((Amal.S@thomsonreuters.com; within U.S.+1 646 223 8780;
outside U.S. +91 80 6749 3677;))
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