Friday, December 09, 2005

Lehman Brothers Sees Verint Trading Down

"Given the recent run in the stock, we expect shares of Verint Systems (Nasdaq: VRNT) to modestly trade down following in-line third quarter results and guidance that was in line with our and consensus expectations, after adjusting for recent acquisitions. We would look for pullbacks into the mid thirties to add to positions," Lehman Brothers analyst Israel Hernandez writes, following the release of Verint's third quarter financials. (more)