Complete List of All AI Companies Under $2 Billion Market Cap

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4. Verint Systems Inc. (NASDAQ:VRNT)

Market Capitalization: $1.55 Billion

Number of Hedge Fund Holders: 19

Verint Systems Inc. (NASDAQ:VRNT) is a customer experience automation company that uses its Verint Open Platform and AI-driven bots to achieve measurable business results through artificial intelligence. The company’s offerings include tools for forecasting, scheduling, routing, knowledge management, fraud prevention, compliance, analytics, real-time assistance, self-service, financial compliance, and customer feedback analysis. The Verint Open platform enables brands to improve customer experience automation across contact centers, back offices, branches, websites, and mobile apps.

On January 10, Needham reaffirmed a Buy rating on Verint (NASDAQ:VRNT) stock with a $40 price target, as per The Fly. The firm named Verint its top pick and added it to the “Needham Conviction” list. The firm highlights positive factors for the stock, including a recovery in contact center spending after two challenging years post-COVID, and Verint’s strong presence in the Hybrid Cloud contact center market. Needham expects Verint to balance declines in seat-based WFO revenue with growth in AI Bot applications and believes concerns about near-term declines in contact center seats are overly pessimistic.

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