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VRNT $29.09

VRNT target price
29.09
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0
Verint Systems Inc.
Type
Public
Traded as NASDAQ: VRNT
Industry Software
Business Intelligence
Speech Analytics
Video Analytics
Business consulting
IT consulting
Founded 2002
Headquarters Melville, New York, US
Key people
Dan Bodner, President and CEO
Revenue $848 million
Total assets Over $1 billion
Number of employees
3,900
Website www.verint.com

Verint Systems is a Melville, New York-based analytics company which was founded in 2002. The company sells software and hardware products for customer engagement management, security, surveillance, and business intelligence. Their products are designed to assist clients in data analysis, specifically large data sets.

Verint has more than 10,000 clients in 150 countries, and has approximately 2,800 employees in various locations internationally. The company was previously a majority-owned subsidiary of Comverse Technology and it was formerly known as Comverse Infosys. As with Comverse, approximately half of Verint's employees have been located in Israel. In February 2013, Verint Systems became independent of Comverse, having bought out the latter's stake in it.

Verint started as Comverse Technology's Comverse Infosys business unit, which was created in 1999 although it was also incorporated in Delaware in February 1994 as a wholly owned subsidiary of Comverse Technology. Verint's initial focus was on the commercial call recording market, which at the time was transitioning from analog tape to digital recorders. On June 7, 1999, the company released an Internet Call Waiting service.

In 1999, Comverse Infosys was combined with another division of Comverse focused on security and the communications interception market. In 2001, Verint expanded into video security by combining with Loronix Information Systems, Inc., which had been previously acquired by Comverse. In 2002, Comverse Infosys changed its name to Verint Systems Inc.

In May 2002, Verint completed an IPO and became a public company, although it was still majority owned by Comverse Technology. Since 2006 Verint has acquired several other companies such as MultiVision Intelligent Surveillance Limited, a networked video security business; CM Insight Limited, a UK-based, customer management company; Mercom Systems Inc., a interaction recording and performance evaluation company; ViewLinks Euclipse Ltd., an Israeli-based provider of data mining and link analysis software; and Witness Systems, Inc. a workforce optimization company.

In July 2008 Amit Bohensky founded Focal-Info, a software company focused on web data extraction and analytics. The following month Focal-Info had been bought by Verint for an undisclosed amount, with Bohensky hired back on to lead Focal-Info's "extendend activity" within Verint. A subsequent acquisition was of Iontas, in early 2010, a provider of desktop analytics solutions.

Beginning with a stock options backdating scandal in 2006, parent company Comverse Technology suffered a series of financial reporting problems, losses and layoffs, with one consequence that both Comverse and Verint were delisted from the NASDAQ stock market in 2007 and ended up on the Pink Sheets. In July 2010, Verint was relisted on the NASDAQ stock market under the symbol VRNT. By that year, there was considerable talk that Comverse Technology would sell its remaining interest in Verint, with some private equity firms mentioned as possible buyers. In September 2011, Verint acquired Global Management Technologies Corporation, paying around $25 million for it.

In August 2012, Verint announced that it would buy out Comverse Technology's stake in it, in a transaction valued at around $800 million. An FBR Capital Markets analyst said the move "finally eliminates a major overhang on the name by removing Comverse's majority ownership stake." The deal was finalized in February 2013.

On February 3, 2014, Verint Systems completed acquisition of KANA Software Inc. from Accel-KKR for $514.2 million.

On November 16, 2016, Verint Systems completed acquisition of the customer experience software company OpinionLab for an undisclosed amount.

Verint's products include speech analysis software (used to analyze call center recordings) and IP surveillance cameras and "smart" video surveillance analysis software.

Verint's RELIANT software provides law enforcement agencies with the ability to monitor and analyze voice, video, and data for a "vast number of targets" on all types of large, complex computer networks, in order to collect evidence for CALEA wiretaps. Multiple national governments including the U.S., U.K., and various European, Asian, and Pacific nations have purchased millions of dollars in Verint surveillance software and equipment.

On January 27, 1997, Comverse Technology Inc. announced the formation of a new private equity fund in partnership with Quantum Industrial Holdings Ltd.

Verint has also received millions of dollars in government contracts to outfit airports, shipping ports, and government facilities with intelligent video surveillance systems with tracking, biometrics, and video analysis features. For example, Unisys chose Verint as a subcontractor on its contract with the Transportation Security Administration, to install video surveillance devices in secure areas of airports across the U.S.

In July 2009, AMR Research ranked Verint 20th in its list of the top 50 global enterprise application vendors. During the latter portion of the decade of the 2000s, the company has won several awards from CRM Magazine.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-11-30 Future report Set alerts
Q2 2022 2022-09-07 0.56 0.56
Q1 2022 2022-06-07 0.52 0.52
Q4 2021 2022-03-29 0.57 0.57
Q3 2021 2021-12-02 0.69 0.69
Q2 2021 2021-09-09 0.58 0.58
Q1 2021 2021-06-09 0.44 0.44
Q4 2020 2021-03-31 0.98 0.98
Q2 2020 2020-09-09 1.06 0.09
Q1 2020 2020-06-09 0.52 -0.09

Ratings

2016-06-29 Reiterated Rating Credit Suisse Sell
2016-06-29 Reiterated Rating Credit Suisse Group AG Sell
2016-06-15 Reiterated Rating Imperial Capital Outperform $40.00
2016-06-08 Reiterated Rating Oppenheimer Buy $49.00
2016-06-08 Reiterated Rating Oppenheimer Holdings Inc. Buy $49.00
2016-05-25 Reiterated Rating Credit Suisse Sell $29.00
2016-04-11 Reiterated Rating Oppenheimer Outperform $49.00
2016-04-05 Lower Price Target Imperial Capital Outperform $55.00 to $40.00
2016-03-31 Initiated Coverage Oppenheimer Buy
2016-03-30 Lower Price Target RBC Capital Outperform $45.00 to $39.00
2016-03-30 Lower Price Target JPMorgan Chase & Co. Overweight $56.00 to $43.00
2016-03-30 Lower Price Target Oppenheimer Outperform $60.00 to $49.00
2016-03-30 Downgrade Deutsche Bank Buy to Hold $50.00 to $35.00
2016-03-30 Downgrade Credit Suisse Neutral to Underperform
2016-03-30 Lower Price Target Royal Bank Of Canada Outperform $45.00 to $39.00
2016-03-30 Downgrade Deutsche Bank AG Buy to Hold $50.00 to $35.00
2016-03-28 Downgrade Credit Suisse Neutral to Underperform
2016-02-11 Reiterated Rating JPMorgan Chase & Co. Focus List
2016-02-08 Lower Price Target RBC Capital $52.00 to $45.00
2015-12-05 Reiterated Rating Imperial Capital Buy
2015-12-04 Lower Price Target Imperial Capital Outperform $60.00 to $55.00
2015-12-04 Reiterated Rating FBR & Co. Buy
2015-12-04 Reiterated Rating RBC Capital Buy
2015-12-04 Reiterated Rating Oppenheimer Buy
2015-12-04 Reiterated Rating FBR & Co Buy
2015-12-03 Lower Price Target Deutsche Bank Buy $66.00 to $50.00
2015-12-03 Lower Price Target Oppenheimer Outperform $65.00 to $60.00
2015-12-03 Lower Price Target RBC Capital Outperform $62.00 to $52.00
2015-12-03 Lower Price Target FBR & Co. Top Pick to Outperform $63.00 to $53.00
2015-12-03 Downgrade Credit Suisse Outperform to Neutral $60.00 to $45.00
2015-11-16 Reiterated Rating Oppenheimer Outperform $65.00
2015-10-08 Reiterated Rating Imperial Capital Outperform $70.00 to $60.00
2015-09-29 Upgrade William Blair Market Perform to Outperform
2015-09-06 Reiterated Rating William Blair Hold
2015-09-06 Reiterated Rating Deutsche Bank Buy $66.00
2015-09-05 Reiterated Rating RBC Capital Buy
2015-09-04 Lower Price Target RBC Capital Outperform $72.00 to $62.00
2015-09-03 Lower Price Target JPMorgan Chase & Co. Overweight $73.00 to $69.00
2015-09-03 Lower Price Target Credit Suisse Outperform $70.00 to $60.00
2015-09-03 Reiterated Rating Oppenheimer Outperform $70.00 to $75.00
2015-09-03 Lower Price Target FBR & Co. Outperform $68.00 to $63.00
2015-07-02 Reiterated Rating FBR & Co. Outperform $75.00
2015-06-12 Reiterated Rating Oppenheimer Outperform $70.00
2015-06-11 Reiterated Rating FBR & Co. Outperform
2015-06-10 Reiterated Rating Deutsche Bank Buy $70.00
2015-06-04 Boost Price Target JPMorgan Chase & Co. Overweight $70.00 to $73.00
2015-06-04 Reiterated Rating Oppenheimer Outperform $70.00
2015-06-04 Set Price Target FBR & Co. Buy $68.00
2015-06-04 Boost Price Target RBC Capital Outperform $66.00 to $72.00
2015-04-28 Boost Price Target JPMorgan Chase & Co. Overweight $65.00 to $70.00
2015-04-01 Set Price Target Imperial Capital Buy $70.00
2015-03-26 Boost Price Target Credit Suisse Outperform $67.00 to $70.00
2015-03-26 Reiterated Rating FBR & Co. Outperform $67.00 to $68.00
2015-01-16 Set Price Target Oppenheimer Buy $70.00
2014-12-08 Boost Price Target Imperial Capital Outperform $61.00 to $70.00
2014-12-04 Reiterated FBR Capital Outperform $64 to $67
2014-12-04 Reiterated Rating Deutsche Bank Buy $65.00
2014-12-04 Boost Price Target Credit Suisse Outperform $59.00 to $67.00
2014-12-04 Boost Price Target FBR & Co. Outperform $64.00 to $67.00
2014-12-01 Boost Price Target Oppenheimer Outperform $60.00 to $70.00
2014-11-13 Downgrade CRT Capital Buy to Fair Value $60.00
2014-09-26 Initiated Coverage Goldman Sachs Buy $68.00
2014-09-26 Initiated Coverage Goldman Sachs Group Inc. Buy $68.00
2014-09-05 Boost Price Target Imperial Capital Outperform $58.00 to $61.00
2014-09-05 Boost Price Target Oppenheimer Outperform $56.00 to $60.00
2014-09-05 Boost Price Target RBC Capital Outperform $57.00 to $60.00
2014-09-05 Reiterated Rating Credit Suisse Outperform $57.00 to $59.00
2014-09-05 Boost Price Target FBR & Co. Outperform $60.00 to $64.00
2014-09-03 Reiterated Rating JPMorgan Chase & Co. Overweight $55.00 to $57.00
2014-06-23 Reiterated Rating Deutsche Bank Buy $60.00
2014-06-16 Reiterated Rating JPMorgan Chase & Co. Overweight $56.50 to $55.00
2014-06-06 Boost Price Target Imperial Capital Outperform $55.00 to $58.00
2014-06-05 Reiterated FBR Capital Outperform $57 to $60
2014-06-05 Boost Price Target CRT Capital Buy $58.00 to $60.00
2014-06-05 Upgrade Credit Suisse Neutral to Outperform
2014-06-05 Boost Price Target FBR & Co. Outperform $57.00 to $60.00
2014-06-05 Boost Price Target JPMorgan Chase & Co. Overweight $55.00 to $56.50
2014-04-01 Boost Price Target Oppenheimer Outperform $51.00 to $56.00
2014-04-01 Boost Price Target Imperial Capital Outperform $51.00 to $55.00
2014-04-01 Reiterated FBR Capital Outperform $55 to $57
2014-04-01 Boost Price Target JPMorgan Chase & Co. $51.00 to $55.00
2014-04-01 Boost Price Target CRT Capital Buy $52.00 to $58.00
2014-04-01 Boost Price Target FBR & Co. Outperform $55.00 to $57.00
2014-02-05 Initiated Coverage Credit Suisse Neutral $49.00
2014-01-16 Boost Price Target Imperial Capital Outperform $46.00 to $51.00
2014-01-16 Upgrade FBR & Co. Market Perform to Outperform $40.00 to $55.00
2014-01-07 Boost Price Target CRT Capital Buy $46.00 to $52.00
2013-12-06 Boost Price Target Imperial Capital Outperform $41.00 to $46.00
2013-12-05 Reiterated Rating Deutsche Bank Buy $45.00
2013-12-05 Boost Price Target Oppenheimer Outperform $41.00 to $45.00
2013-12-05 Boost Price Target FBR & Co. Market Perform $37.00 to $40.00
2013-12-03 Upgrade CRT Capital Fair Value to Buy $46.00
2013-03-28 Reiterated FBR Capital Mkt Perform $30 to $37
2012-12-07 Reiterated Imperial Capital Outperform $38 to $36
2012-04-02 Reiterated Imperial Capital Outperform $37 to $40
2016-06-29 Reiterated Rating Credit Suisse Sell
2016-06-29 Reiterated Rating Credit Suisse Group AG Sell
2016-06-15 Reiterated Rating Imperial Capital Outperform $40.00
2016-06-08 Reiterated Rating Oppenheimer Buy $49.00
2016-06-08 Reiterated Rating Oppenheimer Holdings Inc. Buy $49.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
BODNER DAN President & CEO 1.18%  (712635) VRNT /
Robinson Douglas Chief Financial Officer 0.30%  (184678) VRNT /
MORIAH ELAN President, EIS & VIS 0.22%  (132543) VRNT /
FANTE PETER Chief Legal Officer & CCO 0.10%  (58554) VRNT /
SPERLING MEIR President, CIS 0.09%  (51492) VRNT /
DEMARINES VICTOR 0.06%  (38902) NTCT / VRNT /
GINO HANAN President, CIS 0.06%  (34659) VRNT /
SHANKS EARL C 0.05%  (33022) GLPI / USTR / VRNT /
SAFIR HOWARD 0.05%  (31310) VRNT /
EGAN JOHN R 0.05%  (29030) EMC / NTCT / PRGS / VMW / VRNT /
Nottenburg Richard N 0.04%  (22951) ARX / PMCS / VMEM / VRNT /
PARCELL DAVID Managing Director, EMEA 0.03%  (15435) VRNT /
MYERS LARRY F 0.02%  (10751) VRNT /
HERSCHER PENNY 0.01%  (7311) JDSU / LITE / PRO / RMBS / VRNT /
KURTZ WILLIAM 0.01%  (4820) PMCS / VMEM / VRNT /