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MELVILLE, NY - Verint Systems Inc. (NASDAQ:VRNT), a provider of integrated systems design services currently trading at $21.80 near its 52-week low, has announced the scheduling of its 2025 Annual Meeting of Stockholders. The meeting is set for June 19, 2025, with a record date of April 30, 2025, to determine the stockholders entitled to vote. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value estimate.
The decision was formalized by the company’s board of directors on March 21, 2025, and was disclosed in a Form 8-K filing with the Securities and Exchange Commission on Tuesday. The upcoming meeting will enable shareholders to engage with the company’s leadership and vote on corporate matters. Notably, the company will report its quarterly earnings on March 26, 2025, where investors can expect updates on its impressive 71.52% gross profit margin and recent financial performance.
Verint Systems, headquartered in Melville, New York, operates within the computer integrated systems design industry under the SIC code 7373. The company, incorporated in Delaware, has its common stock listed on the NASDAQ Global Select Market. Get deeper insights into Verint’s valuation and growth prospects with InvestingPro, which offers exclusive analysis and 8 additional ProTips for informed investment decisions.
This announcement is part of the company’s regular corporate governance and in compliance with SEC regulations. The specific agenda items and proposals for the Annual Meeting will be communicated to shareholders ahead of the meeting date.
Stockholders of record by the end of business on April 30, 2025, will be eligible to vote at the Annual Meeting. This date serves as a cutoff for determining the shareholders who can participate in the meeting and exercise their voting rights on various company resolutions.
The information regarding the Annual Meeting of Stockholders is based on a press release statement filed with the SEC, which provides shareholders and the public with the necessary details concerning their participation and the logistics of the meeting.
In other recent news, Verint Systems has maintained its Buy rating from Needham, with a reaffirmed price target of $40.00. Needham highlighted Verint’s introduction of new financial metrics, such as Subscription Annual Recurring Revenue (ARR) and cash contribution margin, following a virtual analyst day event. The firm has maintained its Free Cash Flow estimate for the fiscal year 2025 at $165 million and adjusted the forecast for fiscal year 2026 to $185 million. Verint’s focus on Subscription ARR and Free Cash Flow was emphasized as part of its financial strategy. Additionally, Needham added Verint Systems to its Conviction List, expressing strong confidence in the company’s prospects for 2025. Analysts anticipate an upswing in contact center spending, which is expected to recover from a post-COVID boom period. Needham also forecasts that Verint will balance potential revenue downturns in seat-based Workforce Optimization with growth in AI Bot applications. These developments suggest a positive outlook for Verint’s strategic position and financial maneuvers.
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