Veritone, Inc. Common Stock (VERI)
Veritone, Inc. (VERI) is a technology company that specializes in artificial intelligence and data analytics solutions. It offers an AI operating system called aiWARE, which enables the transformation of unstructured data into actionable insights across various industries, including media, advertising, legal, and government. The company's platform integrates multiple AI models and services to facilitate real-time data analysis, automation, and content management.
Company News
Veritone announced a significant hyperscaler contract for its Data Refinery platform, potentially accelerating its path to profitability and positioning itself as a promising AI growth opportunity in 2025.
Farmers & Merchants Bank of Long Beach has appointed Richard H. Taketa to its board of directors, bringing expertise in finance, operations, and risk management. The bank has also announced a regular quarterly cash dividend and continues to operate its 27 branches across California.
The heavy selling pressure might have exhausted for Veritone (VERI) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Veritone's revenue and software bookings have seen significant declines. Read more to see what makes VERI stock a risky investment.
Shares of Science Applications International Corporation (NYSE: SAIC) fell sharply during Monday’s session after the company reported financial fourth-quarter EPS below estimates. SAIC reported a 12% revenue decline Y/Y in the fourth quarter of fiscal 2024 to $1.74 billion, beating the consensus of $1.64 billion. Adjusted EPS of $1.43 was in l...