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.

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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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