Wall Street brokerages predict that Verint Systems Inc. (NASDAQ:VRNT) will announce $332.76 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Verint Systems’ earnings, with the lowest sales estimate coming in at $332.00 million and the highest estimate coming in at $334.00 million. Verint Systems reported sales of $322.73 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.1%. The firm is expected to report its next earnings results on Wednesday, March 27th.
According to Zacks, analysts expect that Verint Systems will report full-year sales of $1.24 billion for the current fiscal year. For the next year, analysts forecast that the firm will report sales of $1.34 billion, with estimates ranging from $1.32 billion to $1.35 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Verint Systems.
VRNT has been the subject of several research reports. ValuEngine upgraded Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, January 17th. TheStreet lowered Verint Systems from a “b-” rating to a “c+” rating in a report on Thursday, January 3rd. BidaskClub upgraded Verint Systems from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Wedbush reiterated a “buy” rating and set a $58.00 price target on shares of Verint Systems in a report on Thursday, December 6th. Finally, Zacks Investment Research lowered Verint Systems from a “strong-buy” rating to a “hold” rating in a report on Saturday, February 16th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $56.00.
Shares of Verint Systems stock traded down $0.18 during trading on Wednesday, hitting $52.30. 373,192 shares of the stock traded hands, compared to its average volume of 360,858. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of 29.55, a P/E/G ratio of 2.04 and a beta of 1.18. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.65 and a quick ratio of 1.61. Verint Systems has a twelve month low of $37.10 and a twelve month high of $54.22.
In related news, CFO Douglas Robinson sold 1,432 shares of the firm’s stock in a transaction that occurred on Tuesday, January 15th. The stock was sold at an average price of $44.82, for a total value of $64,182.24. Following the transaction, the chief financial officer now directly owns 174,635 shares of the company’s stock, valued at approximately $7,827,140.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Enlightenment Research LLC bought a new position in Verint Systems in the 4th quarter worth approximately $25,000. Quantamental Technologies LLC bought a new stake in shares of Verint Systems during the fourth quarter valued at approximately $28,000. First Hawaiian Bank increased its position in shares of Verint Systems by 56.6% during the fourth quarter. First Hawaiian Bank now owns 1,146 shares of the technology company’s stock valued at $48,000 after purchasing an additional 414 shares during the period. DekaBank Deutsche Girozentrale increased its position in shares of Verint Systems by 162.9% during the third quarter. DekaBank Deutsche Girozentrale now owns 2,235 shares of the technology company’s stock valued at $109,000 after purchasing an additional 1,385 shares during the period. Finally, Psagot Investment House Ltd. increased its position in shares of Verint Systems by 123.7% during the fourth quarter. Psagot Investment House Ltd. now owns 5,512 shares of the technology company’s stock valued at $137,000 after purchasing an additional 3,048 shares during the period. 94.12% of the stock is currently owned by institutional investors.
Verint Systems Company Profile
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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