VRNT - Verint Systems Inc.

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by zukodany, Sep 5, 2019.

  1. zukodany

    zukodany Well-Known Member

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    I have been following VRNT stock for awhile and was really surprised today to see that their stock dropped significantly albeit what seemed to be like good earning reports yesterday. Any takes?

    https://www.google.com/amp/s/financ...erint-systems-vrnt-q2-earnings-213509015.html
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    Verint Systems Inc. provides actionable intelligence solutions worldwide. The company's Customer Engagement Solutions segment offers automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, and digital feedback solutions. It also provides email engagement, employee desktop, enterprise feedback, financial compliance, full-time recording, gamification, identity and interaction analytics, internal communities, knowledge management, mobile workforce, performance management, robotic process automation, social analytics, speech transcription, speech and text analytics, virtual assistant, voice self-service, voice self-service fraud detection, Web/mobile self-service, work manager, and workforce management solutions. The company's Cyber Intelligence Solutions segment offers cyber security solutions; and intelligence fusion center and Web and social intelligence software that enables collection, fusion, and analysis of data from the Web. It also provides network intelligence suite, which enables security organizations generate critical intelligence from various network, and internal and external open sources; and situational intelligence software that enables security organizations to fuse, analyze, and report information, as well as take action on risks, alarms, and incidents. The company also offers a range of customer services, including implementation and training, consulting, managed, and maintenance and support services. It sells its solutions through its direct sales team; and through indirect channels, such as distributors, systems integrators, value-added resellers, and original equipment manufacturer partners. Verint Systems Inc. has a partnership agreement with Custodia Technology Limited. The company was founded in 1994 and is headquartered in Melville, New York.
     
    #1 zukodany, Sep 5, 2019
    Last edited by a moderator: Sep 5, 2019
  2. Bodacious

    Bodacious Active Member

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  3. zukodany

    zukodany Well-Known Member

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    Thank you
    Still don’t understand how a stock will tank after a seemingly good earning call
     
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  4. Bodacious

    Bodacious Active Member

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    The big outfits pushing out the weak players could be one scenario.
     
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  5. Bodacious

    Bodacious Active Member

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    VRNT chart for reference.

    chart.ashx.png
     
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  6. Bodacious

    Bodacious Active Member

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    Verint Systems Inc. (NASDAQ: VRNT) fell 10.7% to $48.08. Verint reported upbeat earnings for its second quarter, while sales missed views. The company also issued weak FY20 earnings forecast.
     
  7. Bodacious

    Bodacious Active Member

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    Will we see a recovery of sorts tomorrow? Is this a good place to get in? Currently at $46.40

    9/5/2019
    Resist 1: 53.93 Resist 2: 58.46
    Support 1: 46.60 Support 2: 38.77
     
  8. zukodany

    zukodany Well-Known Member

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  9. Bodacious

    Bodacious Active Member

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    Poor guidance past, present and future, they are accused of misrepresenting the facts regarding their business.
     
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  10. zukodany

    zukodany Well-Known Member

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    Gonna wait and see how the day opens tomorrow. If it rebounds by a percent or two I may buy a few. Overall the company is doing ok and I’m not seeing any red flags that warrant a 10% drop at a sustainable level
     
  11. T0rm3nted

    T0rm3nted Moderator
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    If you look at it on a weekly level, it looks like it may have a little bit further to drop before testing a more longer-term support

    upload_2019-9-6_7-19-1.png
     
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  12. zukodany

    zukodany Well-Known Member

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    Wow, amazing.
    I’m still very very new to stocks and learning as I go. I may wait a bit longer
    Thank you all who participated in this thread and for your insight
     
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  13. T0rm3nted

    T0rm3nted Moderator
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    The best way to learn more is to keep posting questions/comments about stocks and read other threads where people are posting analysis. The more conversation going on, the more opinions we get out there.
     
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  14. zukodany

    zukodany Well-Known Member

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    Looks like this company took a deep dive yesterday, and already up 10%
    I’ve traded it before and made nice 15% gains. Very tempting to jump back in now for a short while.....
     
  15. zukodany

    zukodany Well-Known Member

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    Actually wait.. looked too quick..
    looks like they merged with another company CGNT and upon reading further, for every share that you own VRNT you get a CGNT one... confusing....
    If there’s anyone that can clarify what this means for investors with that company so far... did they lose money today or was it a gain?
     
    #15 zukodany, Feb 2, 2021
    Last edited: Feb 2, 2021

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