Welcome to our dedicated page for Verint Systems news (Ticker: VRNT), a resource for investors and traders seeking the latest updates and insights on Verint Systems stock.
Verint Systems Inc. (NASDAQ: VRNT) is a global leader in actionable intelligence® solutions. Founded in 1994 and headquartered in Melville, New York, Verint specializes in providing solutions that help organizations make timely and effective decisions. With over 4,800 dedicated professionals and offices worldwide, Verint serves more than 10,000 organizations in over 180 countries, including over 80 percent of the Fortune 100.
Verint's core business revolves around three critical challenges:
- Customer Engagement Optimization: Solutions that enhance customer experiences by capturing valuable data and using analytics to provide actionable insights.
- Security Intelligence: Systems designed to improve security measures and ensure safer environments.
- Fraud, Risk, and Compliance: Tools that assist in identifying and mitigating risks, preventing fraud, and ensuring regulatory compliance.
Verint's comprehensive solutions enable organizations to gather vast amounts of information from various data types and sources. The company employs advanced analytics to transform this data into actionable intelligence, facilitating improved customer engagement, enhanced security, and effective risk management. Recent achievements include expanding their product portfolio and forging strategic partnerships to enhance their service offerings.
Verint's value-added services are tailored to meet the needs of organizations across different industries, making it easier for them to bridge the gap between limited resources and increasing customer expectations. The company's innovative solutions have proven pivotal in driving enterprise performance improvements and making the world a safer place.
For investors and stakeholders looking for the latest updates and relevant information on Verint's performance, the company actively shares news and developments that highlight their ongoing projects and achievements.
Verint (NASDAQ: VRNT) announces its virtual conference, Engage21, scheduled for May 19-21. The event will feature over 60 sessions led by industry experts and notable keynote speakers like Barbara Corcoran and Jay Shetty, focusing on customer engagement solutions amidst evolving consumer demands post-pandemic. A survey reveals 82% of leaders anticipate increased challenges in managing customer experience in 2021. Attendees will explore advancements in AI-powered automation to enhance customer interactions. The conference will also include insights from leading analysts on future trends in customer engagement.
Verint Systems (NASDAQ: VRNT) announced the completion of significant capital structure enhancements following an investment from Apax Partners. Key transactions included a second tranche under a $50.25 investment agreement, a $315 million convertible notes offering with a $100 conversion price, a buyback of 1.06 million shares, and repaying $260 million of debt. The company updated its FYE22 non-GAAP diluted EPS outlook to $2.23, reflecting these changes. Verint aims to leverage strong cloud momentum for future growth, having transitioned to a pure play customer engagement company.
Verint (NASDAQ: VRNT) announced a series of April webinars focusing on evolving workforce management trends, customer engagement data, and modernizing knowledge management. Key speakers include Costco's Jamie Abernathy and Ipsos MORI's CEO Ben Page, who will share insights on thriving through change and the future of work, respectively. Notable events include the SWPP Virtual Summit on April 8 and a roundtable on VOC strategies on April 21. These discussions aim to empower organizations with the knowledge to enhance productivity and customer insights in a changing landscape.
Verint (NASDAQ: VRNT) has partnered with Vericast to implement its Customer Engagement Cloud Platform at Harland Clarke contact centers. This integrated solution aims to enhance customer and agent experiences through applications like Speech Analytics and Workforce Management. Verint's platform offers scalability and efficient data management, improving client service and engagement. Barbara Riggan from Vericast highlights the solution's holistic nature, while Verint's Casey George expresses optimism about the partnership's future growth.
Verint Systems Inc. (NASDAQ: VRNT) has agreed to sell $275 million of 0.25% convertible senior notes due 2026 in a private placement, with an option to increase to $315 million. The offering raised from the initial $250 million due to demand. The notes will pay interest semi-annually, maturing on April 15, 2026. Verint plans to use approximately $267 million from this offering to reduce debt, fund share repurchases, and support working capital. The offering is set to close on April 9, 2021, subject to standard conditions.
Verint Systems (NASDAQ: VRNT) announced plans to offer $250 million in convertible senior notes due 2026, potentially increasing to $287.5 million. The offering, aimed at qualified institutional buyers, aims to reduce outstanding debt, repurchase 1.6 million shares, and fund working capital. Verint will engage in capped call transactions to mitigate potential dilution from stock conversion. The final pricing and interest terms will be determined at offering time, with no guarantee of completion. These moves may impact stock performance and shareholder value.
Verint Systems Inc. (NASDAQ: VRNT) announced the anticipated closing of the second tranche under its investment agreement with Apax Partners on April 6, 2021. The conversion price is set at $50.25, leading to Apax holding securities convertible into approximately 12.5% of Verint’s shares. This follows an earlier agreement established in December 2019. Verint continues to enhance customer engagement through advanced AI and analytics, serving a vast clientele including over 85 Fortune 100 companies.
Verint (Nasdaq: VRNT) reported its fourth quarter and full-year financial results for the period ending January 31, 2021. The announcement includes key financial data from its Cyber Intelligence segment, which is now part of Cognyte (Nasdaq: CGNT). Verint's accounting policies may result in slight differences in the financial results that Cognyte will report in April. The company will hold a conference call later to discuss these results and its future outlook.
Verint (Nasdaq: VRNT) reported financial results for the fiscal year ended January 31, 2021. Revenue for Q4 was $349 million (GAAP) and $351 million (non-GAAP), with a net loss per share of $0.34 (GAAP) and diluted EPS of $0.98 (non-GAAP). For the year, revenues totaled $1,274 million (GAAP) and $1,288 million (non-GAAP), with a net loss per share of $0.23 (GAAP) and diluted EPS of $3.60 (non-GAAP). The company completed a spin-off of its Cyber Intelligence business, boosting its focus on customer engagement. A new stock repurchase program was announced, and 2022 revenue guidance is set at $860 million.
FAQ
What is the current stock price of Verint Systems (VRNT)?
What is the market cap of Verint Systems (VRNT)?
What does Verint Systems Inc. specialize in?
Where is Verint Systems Inc. headquartered?
When was Verint Systems Inc. founded?
How many organizations use Verint's solutions?
What industries benefit from Verint's services?
What are the key areas of focus for Verint's solutions?
What is Verint's approach to data and analytics?
How does Verint help improve enterprise performance?
Which companies are among Verint's clients?
How does Verint share updates and news?
