Needham analyst Joshua Reilly has maintained their bullish stance on VRNT stock, giving a Buy rating today.
Joshua Reilly has given his Buy rating due to a combination of factors, despite Verint Systems reporting fourth-quarter earnings that fell short of expectations. The shortfall was primarily due to a few large unbundled deals being delayed into fiscal year 2026, with one significant deal accounting for the majority of the miss. This delay is not attributed to competitive losses but rather to timing issues, suggesting that the revenue will be realized in the future.
Despite these challenges, Verint’s annual recurring revenue (ARR) showed positive growth, exceeding the guidance provided for the quarter. The company also increased its ARR guidance for the upcoming fiscal year, indicating confidence in its future performance. Reilly sees the current decline in stock value as a buying opportunity, given the improved demand trends and the expectation that the delayed deals will eventually contribute to revenue.
In another report released today, TD Cowen also maintained a Buy rating on the stock with a $33.00 price target.