$316.22 Million in Sales Expected for Verint Systems Inc. (VRNT) This Quarter

Wall Street analysts expect that Verint Systems Inc. (NASDAQ:VRNT) will post sales of $316.22 million for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Verint Systems’ earnings, with the highest sales estimate coming in at $321.23 million and the lowest estimate coming in at $312.00 million. Verint Systems posted sales of $295.86 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.9%. The company is expected to issue its next earnings report on Tuesday, March 27th.

According to Zacks, analysts expect that Verint Systems will report full-year sales of $316.22 million for the current fiscal year, with estimates ranging from $1.13 billion to $1.15 billion. For the next year, analysts anticipate that the business will post sales of $1.22 billion per share. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Verint Systems.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings data on Wednesday, December 6th. The technology company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.32. The firm had revenue of $280.70 million during the quarter, compared to analysts’ expectations of $282.01 million. Verint Systems had a positive return on equity of 9.90% and a negative net margin of 1.41%. Verint Systems’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.59 earnings per share.

VRNT has been the subject of several research reports. Deutsche Bank lifted their price objective on Verint Systems from $42.00 to $44.00 and gave the stock a “hold” rating in a report on Thursday, September 7th. Zacks Investment Research cut Verint Systems from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Oppenheimer reaffirmed a “buy” rating and set a $49.00 price objective on shares of Verint Systems in a report on Thursday, September 7th. Finally, BidaskClub cut Verint Systems from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $47.33.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Verint Systems by 11.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,655 shares of the technology company’s stock worth $108,000 after acquiring an additional 263 shares during the last quarter. Macquarie Group Ltd. acquired a new position in shares of Verint Systems in the third quarter worth $151,000. FNY Managed Accounts LLC acquired a new position in shares of Verint Systems in the third quarter worth $164,000. Tower Research Capital LLC TRC acquired a new position in shares of Verint Systems in the second quarter worth $179,000. Finally, Strs Ohio raised its holdings in shares of Verint Systems by 9.5% in the second quarter. Strs Ohio now owns 4,600 shares of the technology company’s stock worth $187,000 after acquiring an additional 400 shares during the last quarter. 93.31% of the stock is owned by institutional investors.

Verint Systems (VRNT) opened at $41.40 on Wednesday. The stock has a market capitalization of $2,640.54, a price-to-earnings ratio of 25.40, a P/E/G ratio of 2.28 and a beta of 1.26. Verint Systems has a 1-year low of $34.65 and a 1-year high of $44.70. The company has a current ratio of 1.67, a quick ratio of 1.63 and a debt-to-equity ratio of 0.71.

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Verint Systems Company Profile

Verint Systems Inc offers Actionable Intelligence solutions. The Company delivers its Actionable Intelligence solutions through two operating segments: Customer Engagement Solutions and Cyber Intelligence Solutions. It is a provider of customer engagement software and services that can be deployed on-premises or in the cloud.

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Earnings History and Estimates for Verint Systems (NASDAQ:VRNT)

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