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UPDATE: Imperial Capital Reiterates Outperform Rating, Lowers PT on Verint Systems

Related VRNT
UPDATE: CRT Downgrades Verint Systems
Verint Extends Customer Engagement Optimization Strategy With Latest Release of KANA Enterprise

In a report published Friday, Imperial Capital reiterated its Outperform rating on Verint Systems (NASDAQ: VRNT), but lowered its price target from $38.00 to $36.00.

Imperial Capital noted, “We are maintaining our Outperform rating and lowering our one-year price target to $36 from $38. We continue to see long-term growth for the company's unified suite and customer analytics solutions, though we expect greater macroeconomic headwinds in the EMEA region and revenue weakness in the Video Intelligence business due to a mix shift away from lower margin hardware products. We believe the planned merger of Verint and Comverse Technology remains on track for February 2013, which could represent a near-term catalyst for the stock.”

Verint Systems closed on Thursday at $27.46.

Latest Ratings for VRNT

DateFirmActionFromTo
Nov 2014CRT CapitalDowngradesBuyFairly Valued
Sep 2014Goldman SachsInitiates Coverage onBuy
Sep 2014Credit SuisseMaintainsOutperform

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View the Latest Analyst Ratings

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