UPDATE: FBR & Co. Reiterates Outperform Rating, Raises PT on Verint Systems, Inc. on Solid Deal Flow and Top-Line Guidance

In a report published Thursday, FBR & Co. analyst Daniel H. Ives reiterated an Outperform rating on

, and raised the price target from $67.00 to $68.00. In the report, FBR & Co. noted, "At current levels, we believe Verint Systems, Inc. represents a compelling risk/reward in light of strong secular trends on the big data front, good product cycle tailwinds, and the opportunity for larger deal sizes as the company penetrates further into enterprise and government customers while continuing to invest in growth initiatives." Verint Systems, Inc. closed on Wednesday at $58.62.