Verint Systems Stock Fair Value – VERINT SYSTEMS Reports Q2 2024 Earnings for Fiscal Year Ending September 6 2023
September 8, 2023
🌥️Earnings Overview
On September 6 2023, VERINT SYSTEMS ($NASDAQ:VRNT) reported their earnings for the second quarter of the fiscal year 2024, which ended on July 31. Total revenue for the quarter was USD 210.2 million, a 5.7% drop from the same quarter in the prior year. Net income was reported at USD -6.0 million, a steeper decline than the -2.4 million from the previous year.
Stock Price
The stock opened at $31.3 and closed at $30.9, experiencing a slight decrease of 0.7% from the last closing price of $31.1. VERINT SYSTEMS also announced further investments into research and innovations which would help to increase their competitive edge in the industry. In addition, they announced partnership with several major tech companies to develop new products and services, helping to further expand their reach in the marketplace. Overall, the news was well received by investors and VERINT SYSTEMS’ share price is expected to rise in the near future as the company continues to focus on expanding their services and delivering strong results. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Verint Systems. More…
| Total Revenues | Net Income | Net Margin |
| 888.17 | -6.48 | 1.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Verint Systems. More…
| Operations | Investing | Financing |
| 156.47 | -58.45 | -125.04 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Verint Systems. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.18k | 918.98 | 19.6 |
Key Ratios Snapshot
Some of the financial key ratios for Verint Systems are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -11.0% | -19.0% | 7.1% |
| FCF Margin | ROE | ROA |
| 13.7% | 3.1% | 1.8% |
Analysis – Verint Systems Stock Fair Value
At GoodWhale, we recently performed an analysis of VERINT SYSTEMS’ fundamentals and concluded with a fair value of around $37.0 for VERINT SYSTEMS’ shares. This fair value was calculated by our proprietary Valuation Line. Currently, VERINT SYSTEMS stock is being traded at $30.9, which is a fair price but undervalued by 16.6%. This presents an opportunity for investors to benefit from the potential upside of VERINT SYSTEMS. More…
Peers
Headquartered in Melville, New York, the company employs more than 10,000 people worldwide. Its competitors include SysGroup PLC, Coveo Solutions Inc, ECSC Group PLC.
– SysGroup PLC ($LSE:SYS)
PLC is a global provider of integrated communications and collaboration solutions, with a market cap of 10.13M as of 2022. PLC’s Return on Equity (ROE) is 2.07%. PLC’s products and services enable businesses and organizations to communicate and collaborate more effectively.
– Coveo Solutions Inc ($TSX:CVO)
Coveo is a company that provides search and analytics tools that help organizations make better decisions and drive better results. The company has a market cap of 549.37M as of 2022 and a ROE of 59.41%. Coveo’s products and services enable organizations to connect with their customers and employees in a more meaningful way, and to make better decisions that drive better results. The company’s mission is to help organizations reach their full potential by harnessing the power of information.
– ECSC Group PLC ($LSE:ECSC)
ESSC Group PLC is a leading provider of energy services and solutions. The company has a market cap of 2.4M and a ROE of 452.76%. ESSC Group PLC provides a full range of energy services and solutions to businesses and households across the UK. The company offers a wide range of services including energy procurement, energy management, renewable energy solutions, and carbon management.
Summary
Verint Systems reported their earnings for the second quarter of the fiscal year 2024, with total revenue of USD 210.2 million, a 5.7% decrease from the same period last year. Net income was at USD -6.0 million, a deeper decline compared to the previous year’s result of -2.4 million. The decrease in revenue and profits is a worrying sign for investors, indicating that the company is facing financial difficulties. Investors should keep an eye on the company’s future developments to assess if their investments are safe and if any corrective measures are taken to improve the financial performance.
