Why VRNT got downgraded?

Verint Systems Inc. (NASDAQ:VRNT) received a stock rating downgrade from Deutsche Bank on Mar-30-16. In a note to investors, the firm issued a Hold rating and lowered the target price on the stock from $50 to $35. The analysts previously had a Buy rating on the stock.

Analysts have a consensus target price of $51.83 in the 12-month period. The price objective is 54.76% higher than the recent closing price of $33.49. The 52-week price range is $29.76-$66.45 and the company has a market capitalization of $2.08 billion. Analysts covering the shares maintain a consensus Strong Buy rating, according to Zacks Investment Research. Zero analyst has rated the stock with a sell rating, 0 has assigned a hold rating, 1 says it’s a buy, and 6 have assigned a strong buy rating to the company.

Verint Systems Inc. (VRNT) on March 24, 2016 announced that it has received multiple industry honors for its Customer Engagement Optimization™ solutions. With awards from KMWorld, the Stevie’s, Internet Telephony and CUSTOMER, the company was recognized for technology leadership and innovation across categories that include customer analytics, engagement management and workforce optimization.

KMWorld’s “Top 100 Companies That Matter in Knowledge Management”

Verint Knowledge Management™ has been named again to this year’s annual list of KMWorld Magazine’s “100 Companies That Matter in Knowledge Management.” This program recognizes the best in innovation, creativity and functionality among providers of knowledge management solutions designed to help users and customers find what they need, whenever and wherever they need it.

The Stevie Awards for Sales & Customer Service

The Stevie Awards represents the best in sales, business development, and contact center and customer service. Verint received the bronze honor in the “Business Intelligence Solution—New Version” category for its Enterprise Feedback Management™ tool. Its EFM software is designed to help actively manage customer and employee feedback programs to support customer relationship and engagement strategies.

Internet Telephony’s “Product of the Year” Award

The Internet Telephony Product of the Year award recognizes companies that have developed exceptional VoIP and IP communications products and services. In this year’s program, Verint Engagement Management™ was selected for its unified platform that includes solutions for employee desktop, knowledge management, case management, email management, live chat, advanced co-browse, web self-service, social engagement and communities. Using these solutions, organizations can integrate knowledge, data, processes and channels in order to deliver personalized, consistent and contextual customer service.

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