Verint Systems Likely To Report Lower Q1 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Group 1 - Verint Systems Inc. is set to release its first-quarter earnings results on June 4, with expected earnings of 23 cents per share, a decrease from 59 cents per share in the same period last year [1] - The company is projected to report quarterly revenue of $194.22 million, down from $221.28 million a year earlier [1] - On May 28, Verint announced a $13 million multi-year deal with a leading U.S. insurance company, which contributed to a 3.4% increase in its share price, closing at $17.81 [2] Group 2 - Analyst Daniel Ives from Wedbush maintained an Outperform rating but reduced the price target from $38 to $30 [5] - Evercore ISI Group's Peter Levine kept an In-Line rating and lowered the price target from $34 to $23 [5] - TD Cowen's Shaul Eyal maintained a Buy rating while cutting the price target from $40 to $36 [5]