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 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.
Verint (Nasdaq: VRNT) has achieved perfect scores in nine of 11 vendor satisfaction categories, including a 5.0 in 'Overall Vendor Satisfaction' for the third consecutive year, according to DMG Consulting's 2021/2022 Workforce Management report. Verint led customer satisfaction ratings in integration, training, and five product capabilities. The report highlights the effectiveness of Verint's solutions in helping contact centers manage productivity tools during disruptive times, emphasizing their AI-infused automation and user-friendly design.
Verint Systems Inc (NASDAQ: VRNT) will conduct a conference call on March 31, 2021, at 4:30 p.m. ET to discuss its fourth quarter and full-year financial results for the year ended January 31, 2021. An earnings press release will be issued post-market closure on the same day. This call will be accessible via live webcast on Verint's Investor Relations page and through telephone. The company's focus on enhancing customer engagement through AI and analytics is highlighted, as it serves over 85 of the Fortune 100 companies.
Verint (NASDAQ: VRNT) has launched two webinar series focused on future work trends and the recent Verint Experience Index (VXI) retail report results. The webinars include a three-part series on building enduring customer relationships amidst evolving consumer demands, commencing on March 11. Key discussions will cover workforce trends, customer purchase behaviors during the pandemic, and retail communication strategies. Verint's findings reveal significant changes in consumer behavior, such as the popularity of curbside pickup, indicating a shift in retail dynamics.
Verint (Nasdaq: VRNT) released its Experience Index report, highlighting customer satisfaction rankings of major retailers. Costco leads with the highest trust (86.5) and recommendation scores (87.4), while Amazon excels in online purchasing satisfaction (87.7). The study, conducted during the holiday season, emphasizes the importance of customer experience, revealing that satisfied customers show significantly higher purchase intent. Retailers focused on digital transformation and effective fulfillment methods are noted as outperformers. The report surveyed 6,462 respondents, providing insights into consumer behaviors and preferences.
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?
