Verint Systems (VRNT) stock plummeted 12.19% in pre-market trading on Thursday following the company's disappointing fourth-quarter results and weak guidance for the upcoming fiscal year. The analytics company's performance fell short of analyst expectations, prompting several firms to lower their price targets.

For the quarter ended January 31, Verint reported revenue of $253.5 million, down from $265.1 million in the same period last year and significantly below the $277 million expected by analysts. The company's outlook for fiscal 2026 also disappointed investors, with projected revenue of approximately $960 million (plus or minus 3%) and adjusted earnings of $2.93 per share, both falling short of Wall Street estimates.

In response to the weak results and outlook, several analysts revised their price targets downward. RBC Capital Markets cut its target from $36 to $29, while TD Cowen lowered its target to $33 from $36. Needham also reduced its price target to $30 from $40. These downgrades have further pressured the stock, contributing to the sharp decline in pre-market trading.