An investigation for investors in NASDAQ:VRNT shares over potential securities laws violations by Verint Systems Inc and certain of its directors and officers in connection certain financial statements was announced.
Investors who purchased shares of Verint Systems Inc. (NASDAQ:VRNT), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on whether a series of statements by Verint Systems Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Shares of Verint Systems Inc. (NASDAQ:VRNT) declined from $65.14 per share in May 2015 to as low as $29.76 per share on February 11, 2016.
On March 29, 2016, Verint Systems Inc. announced its fourth quarter and full year results and issued its financial outlook for the year ending January 31, 2017. Verint Systems Inc. reported that its Total Revenue rose from over $1.12 billion for the 12 months period that ended on Janaury 31, 2015 to over $1.13 billion for the 12 months period that ended on January 31, 2016 while its respective Net Income declined from $30.93 million to $17.64 million. Shares of Verint Systems Inc. (NASDAQ:VRNT) declined on March 30, 2016to as low as $29.80 per share.
On April 8, 2016, NASDAQ:VRNT shares closed at $34.94 per share.
Those who purchased NASDAQ:VRNT shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com