Why Shares of Verint Systems Slumped Today
Shares of Verint Systems (NASDAQ: VRNT) dropped on Thursday after the data analytics company reported its second-quarter results. The headline numbers were mixed relative to analyst expectations, with revenue growing more sluggishly than expected. The stock was down about 10.9% at 12:10 p.m. EDT.
Verint reported second-quarter revenue of $324.3 million, up 5.9% year over year but more than $10 million below the average analyst estimate. Adjusted for currency, revenue grew by 7.1% from the prior-year period.
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Source Fool.com
