Bear of the Day: Verint Systems (VRNT) - Bear of the Day

The stock fell to a Zacks #5 Rank Strong Sell because analysts dropped estimates substantially across the board in the past 30 days, taking the current quarter down a whopping 26% to $0.54 from $0.73 and the next fiscal year down 4.5% to $2.96 from $3.10.

Big Data Intel

In the company's own words, "Verint makes Big Data actionable for government and commercial organizations around the globe. Today, more than 10,000 organizations use our Actionable Intelligence solutions to improve enterprise performance and make the world a safer place."

The company provides "Security Intelligence Solutions" to Union Bank which uses Nextiva to deter threats and robberies in its 337 retail bank branch locations.

And Home Depot has standardized its more than 2,000 stores across North America on Verint's networked video solution to help ensure a safe and secure environment for its 300,000 employees and millions of customers.

Verint also creates "Enterprise Intelligence Solutions" that help New York Life and VSP Vision Services improve their customer service and engagement.

Intercepted at New Highs

JPMorgan analysts have an Overweight rating on VRNT shares and a $62 price target, seeing them as the leading supplier of communications capture, or "interception," and big data analytics solutions for voice and video in customer contact, security, and enterprise applications.

But the current earnings momentum has been intercepted and until that turns around, the stock could be under more pressure since its 52-week high hit just above $57 this week. Stay tuned to the Zacks Rank for the all-clear sign.

Kevin Cook is a Senior Stock Strategist for Zacks where he runs the Follow The Money portfolio.
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