Why Verint Systems Stock Jumped Today

Shares of Verint Systems (NASDAQ: VRNT) spiked today after the company's second-quarter fiscal 2021 results beat Wall Street's revenue and earnings estimates. The company's shares were up by as much as 12.5% in morning trading. 

As of 11:33 a.m. EDT, Verint's stock had gained 9%. 

Verint investors pushed the stock up after the company reported adjusted earnings of $1.06 per share in the second quarter, which was a significant improvement over the $0.82 in the year-ago quarter and easily outpaced analysts' consensus earnings estimate of $0.71.  

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Source Fool.com