BidaskClub lowered shares of Verint Systems (NASDAQ:VRNT) from a hold rating to a sell rating in a research report released on Friday.
A number of other equities analysts also recently issued reports on VRNT. Zacks Investment Research downgraded Verint Systems from a buy rating to a hold rating in a research note on Wednesday, November 8th. Oppenheimer reiterated a buy rating and set a $49.00 price target on shares of Verint Systems in a research note on Thursday, December 7th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $47.50.
Verint Systems (NASDAQ VRNT) traded up $0.60 during midday trading on Friday, hitting $39.90. The company had a trading volume of 312,452 shares, compared to its average volume of 277,463. 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 has a 12 month low of $36.90 and a 12 month high of $44.70. The firm has a market cap of $2,506.60, a P/E ratio of -159.60, a price-to-earnings-growth ratio of 1.83 and a beta of 1.11.
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 Thomson Reuters’ consensus estimate of $0.34 by $0.32. The business had revenue of $280.70 million during the quarter, compared to analyst estimates 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 for the quarter was up 8.4% compared to the same quarter last year. During the same period last year, the company earned $0.59 EPS. equities research analysts anticipate that Verint Systems will post 1.82 EPS for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Macquarie Group Ltd. purchased a new position in shares of Verint Systems in the 3rd quarter worth approximately $151,000. FNY Managed Accounts LLC purchased a new position in Verint Systems in the 3rd quarter worth approximately $164,000. Magnetar Financial LLC purchased a new position in Verint Systems in the 3rd quarter worth approximately $202,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Verint Systems by 97.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,255 shares of the technology company’s stock worth $220,000 after acquiring an additional 2,600 shares during the period. Finally, American Century Companies Inc. purchased a new position in Verint Systems in the 4th quarter worth approximately $227,000. Hedge funds and other institutional investors own 93.53% of the company’s stock.
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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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