6/4/24 - $vrnt - interesting; but need a dip buy at better px

6/4/24 - interesting biz here that's sort of checking all the right narrative boxes esp cyber, but it's GM % seems more like consulting than scale-up tech and they're not growing in recent quarters enough to merit a super close look at 5% FCF yield. 10x PE is deceptive given net debt but cheap-ish. clearly not an industry consolidator (like CRWD, PANW etc.) so need a heady discount to be interested. neutral and sidelines. would be a buy lower, but would need to see low 20's again