Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessKey Takeaways From Verint Systems’ Investor Day

Key Takeaways From Verint Systems’ Investor Day

Add to Favorite
Added to Favorite


RBC Capital analysts provided their key takeaways from Verint Systems Inc. (NASDAQ:VRNT) investor day, which did a good job at highlighting the strategy of closing the engagement capacity gap, platform differentiation, Da Vinci AI and Analytics, and reviewing the financial model.
According to the analysts, the company continues to track ahead of the three-year plan and 30% cloud CAGR target with cloud growth of 37% last year and this year’s growth target recently raised to 32-34% from 30-32% previously.
The analysts also emphasized the commentary on gross margins, with recurring revenue (73% of total) having gross margins of 76% and non-recurring revenue (27% of total) having gross margins of 50%. The company expects gross margins to increase modestly over the next several years and then more markedly as recurring revenue crosses 90% of total revenue at which point they should be in the mid-70s.
The analysts maintained their Outperform rating and $61 price target on the company’s shares.

Subscribe to get Latest News Updates

Latest News

You may like more
more

TD Cowen Reiterates Buy Rating on Abbott Labs Ahead of Q3 Earnings

TD Cowen analysts reaffirmed their Buy rating and maintained...

Barclays Raises Lamb Weston Price Target to $74 Following Q1 Earnings

Barclays analysts raised the price target on Lamb Weston...

Macquarie Lifts Roku Price Target to $90, Cites Impressive Growth

Roku (NASDAQ:ROKU) shares rose more than 1% intra-day today...

JPMorgan Raises Tesla Price Target to $130, Cites Softer Q3 Deliveries and 2024 Outlook

JPMorgan analysts raised their price target on Tesla (NASDAQ:TSLA)...