In the UK, retail sales increased by an annualized 1.1% in March, in contrast to expectations of a 0.3% decline.
Israeli companies on Wall Street
Summed up the first quarter of 2019 with slightly higher earnings and earnings than analysts’ forecasts. Revenues for the quarter amounted to $ 472 million, with a non-GAAP net income of $ 1.32 per share, one cent higher than market forecasts. The company’s revenue grew by 4.3 percent, with revenues from security services growing by 13.1 percent from the corresponding quarter to $ 144 million, while product and license revenues fell 4.5 percent to $ 113 million. Revenues from software and maintenance updates totaled $ 215 million, up 3.9%.
(60.59 + 0.63%)
(Nasdaq: VRNT) fell about 3% yesterday following a ransomware attack that caused disruption to the company’s operations. The attack appeared to have been handled within a few hours, with no ramifications for Verint’s operations. The Oppenheimer investment house writes that the severity of the attack is exaggerated, noting that “the attack was halted without any repercussions for its ongoing operations.” “We note that this is a marginal part of total holdings, with the timing of the sale due to tax adjustments and unrelated to the company’s business.” The investment house recommends exploiting the weakness VRNT and maintain our Outperform recommendation with a target price of $ 65
“We believe that the negative publicity regarding Verint does not reflect the company’s activity, which in our opinion continues to show strong business momentum, as seen in its latest reports and the forecast for 2019. The two divisions, Customer Engagement and Cyber Intelligence, With continued improvement in profitability, in light of Verint customers’ demand for analytics and high data solutions, “wrote Oppenheimer.
10:15Trading in Asian stock exchanges closed in a negative trend: the Nikkei index
(22,200.56 + 0.50%)
Lost 0.84% and the Shanghai index
(3,270.7973 + 0.63%)
Lost 0.4% of its value. The Heng Seng Index
Hong Kong is now losing about 0.6% towards the end of trading.
Samsung lost about 3% after reporting failures on its new flagship device, the folding smartphone.
European stock markets opened in a negative trend: the DAX index sheds about 1.16%, the Kak index
(5,580.38 + 0.31%)
Losing about 0.25 and the British FTSE index
Loses 0.05%. Stokes Europe 600 Index
(390.46 + 0.22%)
Swiss food giant Nestle reported sales growth this quarter and approved its annual revenue forecast. Nestlé shares rose 1% on the Zurich Stock Exchange.
Last month, the company, Finestrest, raised more than $ 1.4 billion. The share price reflects a market value of more than $ 12 billion.
The declines in Asia continue: Nikkei
(22,200.56 + 0.50%)
Coming down almost 1%, Heng Seng