The share worth of Verint Programs (Nasdaq: VRNT) has been drifting for a very long time, and since its 2022 peak it has fallen 67%. Now, with a modest market cap of $1.1 billion, the veteran expertise firm is outwardly on the lookout for a purchaser.
Yesterday, information web site Semafor reported that the corporate had employed the providers of an funding financial institution to discover a purchaser. The merchandise was revealed in the course of the buying and selling session in New York, however Verint inventory nonetheless misplaced floor. After Bloomberg reported that US personal fairness agency Thoma Bravo was in talks to purchase Verint, nevertheless, the share worth jumped by about 15% in late buying and selling. Verint declined to touch upon the report.
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Verint, which has been headed by Dan Bodner for 3 a long time, offers software program options for name facilities combining analytics and AI, and designed to enhance the client expertise. The corporate is US-based, however has a improvement heart in Herzliya. 4 years in the past, Cognyte, which offers intelligence and cyber options, was spun off from Verint. Earlier than the spin-off, the corporate’s market cap was $3.7 billion. Verint itself was spun off from Comverse Expertise in 2013.
Within the first quarter of this 12 months, Verint’s income declined by 9.6% to $208 million, and its web revenue attributable to shareholders shrank by 89.4% to $1.6 million. On a non-GAAP foundation, first quarter web revenue was $18.4 million, which compares with $42.6 million within the first quarter of 2024.
When the outcomes had been launched, Bodner stated that he happy with the expansion within the firm’s pipeline and the constructive momentum in its AI merchandise. In its report, Semafor acknowledged {that a} potential sale of Verint would give a sign of how far AI is disrupting established industries. On this occasion, the reference is to AI brokers changing human service representatives.
In line with Yahoo! Finance, seven funding homes cowl Verint. 4 of them have constructive suggestions and three are impartial. The typical worth goal for the inventory is $28, 50.6% above yesterday’s closing worth and 30.7% above the worth in late buying and selling.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on July 2, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
