Pomerantz LLP

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Verint Systems Inc.

We are investigating Verint Systems Inc. (VRNT) (“Verint” or the “Company”) for potential violations of the federal securities laws. 

On May 23, 2019, Spruce Point published a report asserting that Verint “has fallen far behind [its] industry’s evolving technological standards and . . . is making up for slow growth with aggressive M&A and dubious accounting.”  Among other issues, Spruce Point alleged that Verint’s “organic growth was in the low single digits in FY18 and negative in FY19, far below reported top-line growth in the high single digits”, and that Verint’s “subsequent sales growth characterized as organic was largely driven . . . acquisitions, and that its underreported inorganic sales contribution created a ‘cookie jar’ which Verint used to beat Q4 and raise FY20 guidance.”  On this news, Verint’s stock price fell sharply during intraday trading on May 23, 2019.