Report
John Barrett
EUR 100.00 For Business Accounts Only

More Disclosures but still Room for Improvement for No-Moat Verint; FVE Unchanged

No moat Verint started its fiscal 2020 by providing investors with increased disclosure, such as additional operational metrics, further clarity on organic/inorganic growth, and longer-term operating targets. The increased disclosure is due in part to recent activist efforts from Neuberger Berman but did not go far enough to satiate our corporate governance concerns. We are maintaining our fair value estimate of $52 per share. With share trading at $58 in post market, we suggest investors wait f...
Underlying
Verint Systems Inc.

Verint Systems is a provider of Actionable Intelligence? solutions. The company's segments include: Customer Engagement Solutions (Customer Engagement), which provides a portfolio across a spectrum of customer engagement functions; and Cyber Intelligence Solutions (Cyber Intelligence), which provides security and intelligence data mining software. The company's Customer Engagement products include: automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, and customer communities. The company's Cyber Intelligence products include: cyber security, network intelligence suite, and situational intelligence.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
John Barrett

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