Verint Systems (NASDAQ:VRNT) saw its shares plummet 7.09% in after-hours trading on Wednesday following the release of its fourth-quarter earnings report and fiscal year 2026 guidance, both of which fell short of analysts' expectations.
The customer engagement software company reported adjusted earnings per share of $0.45 for the fourth quarter, significantly below the consensus estimate of $1.27. Revenue for the quarter came in at $254 million, missing the expected $277 million. This represents a 4.40% decrease compared to the same period last year when the company reported sales of $265.22 million.
Adding to investor concerns, Verint's outlook for fiscal year 2026 also disappointed. The company forecasts revenue of $960 million, plus or minus 3%, which falls short of the $974.26 million consensus. Additionally, Verint projects non-GAAP diluted earnings per share of $2.93 at the midpoint of its revenue guidance, below the Street's expectation of $3.11. Despite these challenges, the company announced it is raising its Annual Recurring Revenue (ARR) guidance for FY26, though specific figures were not provided in the initial release.
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