Verint Systems (VRNT) Releases FY19 Earnings Guidance

Verint Systems (NASDAQ:VRNT) updated its FY19 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of ~$3.03 for the period, compared to the Thomson Reuters consensus estimate of $3.01. The company issued revenue guidance of $1.225 billion +/- 2%, compared to the consensus revenue estimate of $1.21 billion.

Several equities analysts have recently issued reports on the stock. Oppenheimer restated a buy rating and set a $49.00 price target on shares of Verint Systems in a report on Thursday, December 7th. BidaskClub cut shares of Verint Systems from a hold rating to a sell rating in a report on Tuesday, December 12th. Finally, Zacks Investment Research upgraded shares of Verint Systems from a hold rating to a buy rating and set a $46.00 price target for the company in a report on Wednesday, September 13th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $47.50.

Verint Systems (VRNT) traded up $0.06 during trading hours on Thursday, hitting $42.11. 37,823 shares of the stock were exchanged, compared to its average volume of 259,214. Verint Systems has a 12 month low of $35.90 and a 12 month high of $44.70. The company has a market capitalization of $2,680.00, a price-to-earnings ratio of -168.45, a price-to-earnings-growth ratio of 2.31 and a beta of 1.26. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.63 and a current ratio of 1.67.

Verint Systems (NASDAQ:VRNT) last announced its earnings results on Wednesday, December 6th. The technology company reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.32. Verint Systems had a negative net margin of 1.41% and a positive return on equity of 9.90%. The business had revenue of $280.70 million for the quarter, compared to analyst estimates of $282.01 million. During the same quarter in the previous year, the firm posted $0.59 earnings per share. Verint Systems’s revenue was up 8.4% compared to the same quarter last year. research analysts expect that Verint Systems will post 1.82 EPS for the current fiscal year.

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About Verint Systems

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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