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Why is Verint Systems Inc (VRNT) Stock down?

07 Sep, 2023:

Verint Systems Inc. (VRNT) experienced a notable 19.44% decline, with its shares falling to $24.87 in the aftermath of disappointing quarterly results. Verint's quarterly revenue dropped 6% to $210.2 million, missing expectations, but its software-as-a-service revenue grew by 10%. Prolonged sales cycles led to a reduced full-year revenue outlook of $910 million, causing a 19.44% stock price decline.

https://www.fool.com/investing/2023/09/07/why-verint-systems-stock-dropped-today/

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