Markets & Finance

J.P. Morgan Starts Coverage of Verint Systems


J.P. Morgan initiates coverage of Verint Systems (VRNT) with overweight.

Analyst Paul Coster says Verint is a pure-play opportunity with growth opportunities in use of multi-media technologies for crime prevention, counter-terrorism, fraud prevention, and homeland security. Coster say the company's nascent leadership, as seen in video surveillance contracts with the Department of Defense and Department of Justice. as well as communications interception contracts with AT&T and Verizon.

He notes Verint posted three quarters of revenue and earnings per share growth since going public in May 2002. Also, he sees growth upside in the homeland security market. Coster sees 41 cents 2003 earnings per share, and 66 cents for 2004.


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