Shares of Verint Systems Inc. (VRNT) plummeted 5.02% during intraday trading on Friday, following the company's disappointing fourth-quarter 2024 earnings report and Full Year 2025 results that fell short of analyst expectations. The software company's underperformance prompted Wedbush to lower its price target, further pressuring the stock.

Verint reported fourth-quarter 2024 earnings of $0.99 per share, significantly missing the Zacks Consensus Estimate of $1.27 per share. The company's Full Year 2025 results also failed to impress investors, with revenue remaining flat at $909.2 million compared to the previous year. Although net income showed a substantial increase, rising 265% to $65.0 million, the company's earnings per share of $1.05 and overall revenue missed analyst estimates by 24% and 2.5%, respectively.

In response to the earnings miss, Wedbush analysts cut their price target for Verint Systems from $38 to $30, while maintaining an Outperform rating on the stock. This adjustment reflects the challenges facing the company in meeting market expectations. Despite the reduced price target, the average analyst rating for Verint remains overweight, with a mean price target of $30.83, according to FactSet data.