Verint Systems (NASDAQ:VRNT) Issues FY25 Earnings Guidance

Verint Systems (NASDAQ:VRNT) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided EPS guidance of $2.90 for the period, compared to the consensus EPS estimate of $2.91. The company issued revenue guidance of $914.3- $951.7 million, compared to the consensus revenue estimate of $933.04 million.

Analysts Set New Price Targets

Several equities analysts have issued reports on VRNT shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 price objective on shares of Verint Systems in a report on Thursday, September 5th. Jefferies Financial Group decreased their price objective on Verint Systems from $32.00 to $28.00 and set a “hold” rating for the company in a report on Thursday, September 5th. TD Cowen reduced their price target on shares of Verint Systems from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Needham & Company LLC reissued a “buy” rating and set a $40.00 price objective on shares of Verint Systems in a research report on Wednesday, September 25th. Finally, StockNews.com raised shares of Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $34.67.

Verint Systems Price Performance

Shares of VRNT traded up $1.69 during trading hours on Wednesday, reaching $25.97. The company had a trading volume of 1,732,256 shares, compared to its average volume of 671,542. The firm has a 50 day simple moving average of $23.60 and a 200-day simple moving average of $28.89. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 36.24, a PEG ratio of 1.05 and a beta of 1.28. The company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 0.49. Verint Systems has a 12-month low of $21.27 and a 12-month high of $38.17.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). Verint Systems had a net margin of 6.78% and a return on equity of 16.17%. The company had revenue of $210.17 million for the quarter, compared to analyst estimates of $212.81 million. During the same period in the previous year, the business earned $0.22 EPS. The firm’s revenue was up .0% on a year-over-year basis. Research analysts expect that Verint Systems will post 1.97 earnings per share for the current year.

Insider Buying and Selling

In other news, President Elan Moriah sold 7,160 shares of Verint Systems stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $25.85, for a total value of $185,086.00. Following the transaction, the president now directly owns 139,251 shares of the company’s stock, valued at $3,599,638.35. The trade was a 4.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Peter Fante sold 6,330 shares of Verint Systems stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $25.85, for a total transaction of $163,630.50. Following the transaction, the insider now directly owns 91,334 shares in the company, valued at approximately $2,360,983.90. This trade represents a 6.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,811 shares of company stock worth $874,014. 1.70% of the stock is owned by insiders.

Verint Systems Company Profile

Verint Systems Inc provides customer engagement solutions worldwide. It offers forecasting and scheduling, channels and routing, knowledge management, fraud and security solutions, quality and compliance, analytics and insights, real-time assistance, self-services, financial compliance, and voice pf the consumer solutions.