These Analysts cUT Their Forecasts On Verint Systems Following Downbeat Q2 Results
Portfolio Pulse from Avi Kapoor
Verint Systems Inc. (NASDAQ:VRNT) reported disappointing Q2 results, missing both earnings and sales estimates. The company announced a $200 million stock buyback program. Despite strong AI growth, shares fell 9.1%. Analysts lowered their price targets for Verint.
September 05, 2024 | 5:53 pm
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NEGATIVE IMPACT
Verint Systems reported Q2 earnings and sales below expectations, leading to a 9.1% drop in share price. Analysts have lowered their price targets despite the company's strong AI growth and a new $200 million stock buyback program.
The missed earnings and sales estimates negatively impacted investor sentiment, causing a 9.1% drop in share price. Analysts' lowered price targets further suggest a bearish short-term outlook, despite the positive AI growth and buyback program.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100