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Campaigns / Spruce Point Capital → Verint Systems, Inc.
Spruce Point Capital vs. Verint Systems, Inc.

Verint Systems, Inc. · VRNT

1 deck published between 2019-05-23 and 2019-05-23 — 108 pages, 108 analysed slides total.

initial thesis

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2019-05-23 initial thesis

    2019 05 64e7a5595f975ba26c84afdb_vrnt_research_thesis_5 23 2019

    108pp · full_deck

    Verint's reported 8% growth is a mirage of M&A, FX and ASC 606 tailwinds masking negative organic growth; rerate to BPO peer multiples for 60-70% downside to $17-25.