Buckle Up, Verint Systems Stock Is About to Take Off

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Source: Thinkstock

Source: Thinkstock

Verint Systems Inc. (NASDAQ:VRNT) is not a household name, but it provides “Actionable Intelligence” solutions and value-added services worldwide that have led to strong returns for shareholders. Its very profitable “Enterprise Intelligence Solutions” segment offers workforce optimization solutions comprising quality monitoring, full-time and compliance recording, voice biometrics/fraud detection, voice of the customer analytics, workforce management, desktop and process analytics, performance management, eLearning and coaching, and public safety workforce optimization.

It also offers customer service solutions, including agent desktop, case management, email management, knowledge management, live chat, co-browse, experience analytics, web self-service, and experience community solutions for the customer engagement optimization market. The company’s “Communications and Cyber Intelligence Solutions” segment provides communications interception, communications service provider compliance, mobile location tracking, open source web intelligence, and tactical communications intelligence solutions for the security intelligence market. Its “Video and Situation Intelligence Solutions” segment offers physical security information management, IP video management software, edge devices, video analytics, and network video recorders for the fraud, risk, and compliance market. One key thing the company also provides is mobile device tracking solutions for security applications. In this capacity it serves government, law enforcement, transportation, critical infrastructure, and commercial organizations.

The stock is up 75 percent in two years, and I believe that the company’s recent performance indicates that the stock could go much higher. To the point, the company delivered solid earnings. On a GAAP basis for the quarter the company saw revenues of $257.4 million and operating income of $1.0 million. This translates to a diluted earnings per share of $0.51. On a non-GAAP basis, the company saw revenues for the quarter come in at $269.3 million. This led to non-GAAP operating income of $51.0 million and translates to a diluted earnings per share of $0.72.

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