10X Volume Spike Alert in Verint (VRNT)

Posted in General 
September 30th, 2010

Verint Systems Inc. (NASDAQ: VRNT) is showing nearly a 10X volume spike alert in the first 75 minutes of trading.  The WSJ noted that buyout shops are interested in it and Comverse assets in an acquisition.  Verint shares are up 14.85% at $29.62 on 751,000 shares as of 10:46 AM EST.  The average volume here is a mere 82,000 shares and the 52-week trading range was $13.70 to $28.00 before today’s new high of $31.31.

Tech buyout hope continues… Verint provides “actionable intelligence solutions and value-added services worldwide” to capture, distill, and analyze underused data and information sources, such as voice, video, and unstructured text.

JON C. OGG

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