Verint Systems (NASDAQ:VRNT) updated its FY 2019 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $3.15-3.15 for the period, compared to the Thomson Reuters consensus estimate of $3.16. The company issued revenue guidance of $1.228-1.252 billion, compared to the consensus revenue estimate of $1.24 billion.Verint Systems also updated its FY 2020 guidance to $3.50-3.50 EPS.
A number of equities analysts have recently commented on the company. Wedbush reiterated a buy rating and issued a $58.00 price objective on shares of Verint Systems in a research note on Thursday. Zacks Investment Research lowered Verint Systems from a strong-buy rating to a hold rating in a research note on Thursday, August 9th. Oppenheimer lifted their price objective on Verint Systems from $49.00 to $58.00 and gave the stock an outperform rating in a research note on Thursday, September 6th. JPMorgan Chase & Co. lifted their price objective on Verint Systems from $50.00 to $55.00 and gave the stock a buy rating in a research note on Thursday, August 30th. They noted that the move was a valuation call. Finally, TheStreet upgraded Verint Systems from a c rating to a b- rating in a research note on Thursday, September 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $54.92.
Verint Systems stock opened at $45.83 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.53 and a current ratio of 1.57. The stock has a market capitalization of $2.81 billion, a PE ratio of 25.89, a price-to-earnings-growth ratio of 1.95 and a beta of 1.09. Verint Systems has a 52 week low of $37.10 and a 52 week high of $52.45.
Verint Systems (NASDAQ:VRNT) last released its earnings results on Thursday, December 6th. The technology company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.14. Verint Systems had a return on equity of 11.69% and a net margin of 3.29%. The business had revenue of $307.99 million for the quarter, compared to the consensus estimate of $305.38 million. During the same period last year, the business earned $0.66 earnings per share. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. Analysts anticipate that Verint Systems will post 2.22 EPS for the current year.
In related news, CFO Douglas Robinson sold 1,875 shares of Verint Systems stock in a transaction dated Tuesday, September 25th. The stock was sold at an average price of $49.13, for a total transaction of $92,118.75. Following the sale, the chief financial officer now directly owns 176,067 shares of the company’s stock, valued at $8,650,171.71. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Peter Fante sold 6,603 shares of Verint Systems stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $49.65, for a total value of $327,838.95. Following the sale, the insider now directly owns 135,552 shares in the company, valued at $6,730,156.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 107,501 shares of company stock worth $5,239,269. 1.40% of the stock is owned by company insiders.
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About Verint Systems
Verint Systems Inc provides actionable intelligence solutions and value-added services worldwide. Its Customer Engagement Solutions segment provides automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, digital feedback, email engagement, employee desktop, enterprise feedback, financial compliance, full-time recording, gamification, identity analytics, internal communities, knowledge management, mobile workforce, performance management, robotic process automation, social analytics, speech and text analytics, virtual assistant, voice self-service, voice self-service fraud detection, Web/mobile self-service, work manager, and workforce management solutions.
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