Recently VRNT stock has plummeted (https://finviz.com/quote.ashx?t=VRNT&p=d). I see this company, like most software/infrastructure companies as a good buy/hold and right now it is at a discount. Forward P/E of 8.4. I bought this stock back in 2019 and made a nice profit and believe it to be an undervalued company that the recent price drop has little to do with the company but instead everything to do with the macroeconomic cycles surrounding it. None of my friends who are investors or traders think this stock is worth more than $15 and call it overvalued as is even after the recent 25% price drop in the last 7 days.
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