Verint (VRNT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Verint Community Cloud Helps Organizations Quickly Engage with Employees and Customers During COVID-19 Crisis
Verint® Systems Inc. (NASDAQ: VRNT) today announced it has closed the first tranche under the two tranche investment agreement with funds advised by Apax Partners signed in December in connection with Verint’s plan to separate into two independent public companies. In connection with the closing, Jason Wright, Partner at Apax Partners, has been appointed to Verint’s Board of Directors.
Verint Names Avaya, Five9 and NWN Corporation as 2020 Partner of the Year Award Winners
Navy Federal Credit Union, U-Haul and Vera Bradley Named 2020 Verint Award Winners
Verint Offers Analytics to Help Customers Gain Improved COVID-19 Visibility
For Second Consecutive Year, Customers Give Verint a Perfect Score in Overall Workforce Management Vendor Satisfaction
Verint (VRNT) delivered earnings and revenue surprises of -4.31% and -6.42%, respectively, for the quarter ended January 2020. Do the numbers hold clues to what lies ahead for the stock?
Verint Supports Customers With Introduction of Multiple Work-from-home Programs
Top Brands, Industry Analysts, Global Partners and Verint Experts to Present at Virtual Customer Engagement Conference
Verint’s April Events Focus on Educational Series Designed to Help Organizations Adapt and Respond to the Crisis
Verint Announces Deployment of Country-wide COVID-19 Management Solution
Q4 2020 Verint Systems Inc Earnings Call
Verint Systems Inc. shares plunged 7.3% in the extended session Tuesday after the company reported fourth-quarter revenue below consensus estimates. The company reported fourth-quarter net income of $4.9 million, or 7 cents a share, compared with $27.3 million, or 41 cents a share, in the year-ago period. Adjusted for items such as stock-based compensation, earnings were $1.11 a share. Revenue rose to $339.2 million from $330.2 million in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of $1.16 a share on revenue of $374.4 million. For the first quarter, analysts model earnings earnings of 79 cents a share and revenue of $339.3 million. The company said it was not providing first-quarter guidance because of the COVID-19 pandemic. Verint stock fell 28% in the past year, as the S&P 500 index dropped 7.3%.
Verint® Systems Inc. (NASDAQ: VRNT), a global Actionable Intelligence® leader, today announced results for the three months and year ended January 31, 2020 (FY20). Revenue for the three months ended January 31, 2020 was $339 million on a GAAP basis and $349 million on a non-GAAP basis. Diluted EPS for the three months ended January 31, 2020 was $0.07 on a GAAP basis and $1.11 on a non-GAAP basis. Revenue for the year ended January 31, 2020 was $1,304 million on a GAAP basis and $1,336 million on a non-GAAP basis. Diluted EPS for the year ended January 31, 2020 was $0.43 on a GAAP basis and $3.59 on a non-GAAP basis.
NEW YORK, NY / ACCESSWIRE / March 31, 2020 / Verint Systems, Inc. (NASDAQ:VRNT) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on March 31, 2020 at 4:30 ...
Top Global Bank Selects Verint to Provide Enterprise Solution for Fraud and Security Investigations
Verint Systems Inc (VRNT) reported lower-than-expected quarterly profit while revenue increased fueled by growing cloud demand from large companies.Fourth-quarter net income ended January 31 fell to $4.9 million, or 7 cents a share, from $27.3 million, or 41 cents a share, in the year-ago period. Revenue rose to $339 million from $330 million in the year-ago period. Adjusted earnings were $1.11 a share versus estimated adjusted earnings of $1.16. (See Verint earnings on TipRanks)“In the current COVID-19 environment, we are highly engaged with our global base of customers helping them to navigate the new challenges they are facing,” Verint CEO Dan Bodner said. “Our employees remain fully engaged, working either from home, or from offices that have been authorized to remain open, and we believe our business continuity plan is working well."Bodner disclosed that Verint is experiencing strong cloud growth with revenue up about 45% year-on-year. Verint, which has more than 10,000 customers, said it received many large cloud orders in the fourth quarter, including an $18 million cloud renewal deal from a leading technology company and a $8 million cloud order from a new healthcare customer.The two Wall Street analysts covering Verint in the last three months have a Buy recommendation for the stock adding up to a Moderate Buy consensus rating. The $58 average price target implies a 35% gain in the shares in the next 12 months. (See Verint stock analysis on TipRanks)Looking ahead, Verint told investors that it would not be able to provide guidance for now due to the uncertain potential impact the coronavirus could have on the company’s operations.Verint has $3 billion in assets, including more than $550 million of cash and short-term investments, the company said.Related News: Dating Empire Match Group Warns of Low Q1 Profits Apple Buys Weather App Dark Sky in Undisclosed Deal Zoom Shares Pull Back As Company Sued For Personal Data Breach More recent articles from Smarter Analyst: * Honeywell Secures $1.5 Billion Revolving Credit Line * Microsoft’s Bill Gates to Spend Billions of Dollars on Coronavirus Vaccine Development * 3 Biotech Stocks Under $2 With Massive Upside Potential * PayPal Gets Okay to Participate in U.S. Government’s $350 Billion Relief Package
Verint Launches Compliance Recording for the Full Breadth of Microsoft Teams Collaboration
Verint Launches New Program to Help Organizations Increase Workforce Productivity While Working from Home