Verint Sys Stock Price, News & Analysis

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.