Report
Rodney Nelson
EUR 101.80 For Business Accounts Only

Verint Delivers Solid 4Q, Strong Outlook on Cyber Intelligence Turnaround; Raising FVE to $45

Narrow-moat Verint reported fourth-quarter 2018 results that were generally in line with our expectations, with slightly softer margins than expected; however, staunch guidance indicates a more favorable business environment for Verint’s two segments next year. After baking in management’s better-than-expected outlook, we are raising our fair value estimate to $45 per share from $41 prior. For the past year, Verint’s management has indicated that they are attempting to improve operational effici...
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
Rodney Nelson

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