Analysts expect that Verint Systems Inc. (NASDAQ:VRNT) will post sales of $333.47 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Verint Systems’ earnings, with estimates ranging from $331.65 million to $335.30 million. Verint Systems reported sales of $307.99 million during the same quarter last year, which would indicate a positive year over year growth rate of 8.3%. The firm is scheduled to announce its next quarterly earnings report on Thursday, December 5th.
On average, analysts expect that Verint Systems will report full-year sales of $1.37 billion for the current year, with estimates ranging from $1.36 billion to $1.38 billion. For the next fiscal year, analysts forecast that the company will post sales of $1.50 billion, with estimates ranging from $1.49 billion to $1.51 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Verint Systems.
Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. Verint Systems had a net margin of 4.58% and a return on equity of 13.44%. The business had revenue of $331.00 million for the quarter, compared to analyst estimates of $334.56 million. During the same period in the previous year, the business posted $0.76 earnings per share. The business’s revenue was up 7.3% compared to the same quarter last year.
VRNT has been the topic of several recent research reports. Wedbush reaffirmed a “buy” rating and issued a $70.00 price target on shares of Verint Systems in a report on Thursday, September 5th. Zacks Investment Research downgraded shares of Verint Systems from a “hold” rating to a “sell” rating in a research note on Friday, September 13th. BidaskClub downgraded shares of Verint Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, September 11th. ValuEngine downgraded shares of Verint Systems from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Jefferies Financial Group reduced their price objective on shares of Verint Systems from $72.00 to $67.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. Verint Systems presently has an average rating of “Hold” and a consensus target price of $67.67.
VRNT traded up $0.66 on Friday, hitting $44.01. 274,371 shares of the company were exchanged, compared to its average volume of 535,992. Verint Systems has a fifty-two week low of $39.96 and a fifty-two week high of $63.94. The firm has a market capitalization of $2.89 billion, a P/E ratio of 18.97, a price-to-earnings-growth ratio of 1.38 and a beta of 1.05. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.46 and a current ratio of 1.50. The business’s fifty day moving average is $46.92 and its 200 day moving average is $54.90.
In related news, CFO Douglas Robinson sold 3,096 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $55.19, for a total transaction of $170,868.24. Following the completion of the transaction, the chief financial officer now owns 179,769 shares of the company’s stock, valued at $9,921,451.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.40% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Strs Ohio increased its position in shares of Verint Systems by 121.2% in the second quarter. Strs Ohio now owns 48,000 shares of the technology company’s stock worth $2,581,000 after acquiring an additional 26,300 shares in the last quarter. Capital Fund Management S.A. acquired a new stake in Verint Systems during the 2nd quarter valued at $968,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Verint Systems during the 2nd quarter valued at $206,000. Creative Planning grew its holdings in Verint Systems by 5.3% during the 2nd quarter. Creative Planning now owns 8,413 shares of the technology company’s stock valued at $452,000 after purchasing an additional 420 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in Verint Systems by 106.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 42,555 shares of the technology company’s stock valued at $2,289,000 after purchasing an additional 21,922 shares in the last quarter. 97.37% of the stock is owned by hedge funds and other institutional investors.
Verint Systems Company Profile
Verint Systems Inc provides actionable intelligence solutions worldwide. The company's Customer Engagement Solutions segment offers automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, and digital feedback solutions.
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