Verint Systems (VRNT) Releases FY18 Earnings Guidance

Verint Systems (NASDAQ:VRNT) updated its FY18 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of $2.75 for the period, compared to the Thomson Reuters consensus estimate of $2.75. The company issued revenue guidance of $1.13-1.15 billion, compared to the consensus revenue estimate of $1.14 billion.

A number of brokerages recently weighed in on VRNT. Oppenheimer restated a buy rating and issued a $49.00 price objective on shares of Verint Systems in a report on Thursday, September 28th. BidaskClub upgraded shares of Verint Systems from a sell rating to a hold rating in a report on Thursday, December 21st. Finally, Zacks Investment Research upgraded shares of Verint Systems from a hold rating to a buy rating and set a $47.00 price objective for the company in a report on Saturday, December 23rd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Verint Systems currently has a consensus rating of Buy and a consensus price target of $47.50.

Shares of Verint Systems (NASDAQ:VRNT) opened at $43.25 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.67 and a quick ratio of 1.63. Verint Systems has a 1 year low of $35.90 and a 1 year high of $44.70. The company has a market cap of $2,758.53, a P/E ratio of 26.53, a price-to-earnings-growth ratio of 2.38 and a beta of 1.26.

Verint Systems (NASDAQ:VRNT) last posted its earnings results on Wednesday, December 6th. The technology company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $282.01 million. During the same quarter in the previous year, the firm posted $0.59 EPS. The firm’s revenue was up 8.4% on a year-over-year basis. equities analysts expect that Verint Systems will post 1.82 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This piece of content was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece of content on another site, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/01/21/verint-systems-vrnt-releases-fy18-earnings-guidance.html.

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.

Receive News & Ratings for Verint Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verint Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply