Verint Sys Stock Price, News & Analysis

Verint (Nasdaq: VRNT), the Customer Engagement Company, has been recognized as a Leader in Gartner's Magic Quadrant for Workforce Engagement Management (WEM). This acknowledgement highlights Verint's robust WEM solutions suitable for enterprises of all sizes and its strong revenue growth. Gartner emphasizes the significance of motivated employees in enhancing operational performance and customer experience. Verint’s Cloud Platform integrates AI-powered automation and data analytics, fostering lasting customer relationships across various channels. For insights, visit Verint's website for the full report.

Verint (NASDAQ: VRNT) has introduced the Intelligent Virtual Assistant Professional Package (IVA Pro), a low-code AI tool designed to quickly convert conversation data into automated self-service solutions. Part of the Verint Intelligent Virtual Assistant offerings, this package enables businesses to deploy chatbots efficiently, optimizing customer support while minimizing IT demands. The IVA Pro leverages advanced AI and user-friendly analytics, ensuring higher success rates for AI projects, addressing the urgent need for automated solutions as customer interaction dynamics shift.

Verint (NASDAQ: VRNT) announces its virtual conference, Engage21, scheduled for May 19-21. The event will feature over 60 sessions led by industry experts and notable keynote speakers like Barbara Corcoran and Jay Shetty, focusing on customer engagement solutions amidst evolving consumer demands post-pandemic. A survey reveals 82% of leaders anticipate increased challenges in managing customer experience in 2021. Attendees will explore advancements in AI-powered automation to enhance customer interactions. The conference will also include insights from leading analysts on future trends in customer engagement.

Verint Systems (NASDAQ: VRNT) announced the completion of significant capital structure enhancements following an investment from Apax Partners. Key transactions included a second tranche under a $50.25 investment agreement, a $315 million convertible notes offering with a $100 conversion price, a buyback of 1.06 million shares, and repaying $260 million of debt. The company updated its FYE22 non-GAAP diluted EPS outlook to $2.23, reflecting these changes. Verint aims to leverage strong cloud momentum for future growth, having transitioned to a pure play customer engagement company.

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.