Verint stock climbs on stronger revenue forecast
Verint Systems, a data-analysis and security software maker, has reached an agreement to buy a Silicon Valley competitor for $514 million in cash. This is a company office at 330 South Service Rd. in Melville. Credit: Ana Maria Rico
Shares of Melville-based Verint Systems Inc. climbed sharply during after-hours trading Monday after the software maker said it expects 2014 sales to top $1.08 billion.
Verint stock rose nearly 5 percent, to $49.20, following the better-than-expected revenue forecast, which the company released along with its fourth-quarter earnings.
Sales climbed to $255.7 million during the three months that ended in January, up 12 percent from the same period last year. Net income declined by 12 percent, to $24 million, on increased expenses.
Verint expects 2014 sales to benefit from its recent $514 million acquisition of KANA Software Inc. Analysts say the move adds key capabilities to the data-analysis software that Verint sells to corporations, allowing them to mine emails and web chats to improve customer relations.
'If you don't address demand, you don't address the problem' Police are only addressing the supply, but demand is what fuels the illicit sex trade, experts say. Newsday political reporter Bahar Ostadan has the story.
'If you don't address demand, you don't address the problem' Police are only addressing the supply, but demand is what fuels the illicit sex trade, experts say. Newsday political reporter Bahar Ostadan has the story.
