Equities research analysts expect Verint Systems Inc. (NASDAQ:VRNT) to announce sales of $313.26 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Verint Systems’ earnings, with the highest sales estimate coming in at $315.52 million and the lowest estimate coming in at $312.00 million. Verint Systems posted sales of $295.86 million in the same quarter last year, which suggests a positive year over year growth rate of 5.9%. The company is expected to announce its next earnings report on Tuesday, March 27th.
According to Zacks, analysts expect that Verint Systems will report full year sales of $313.26 million for the current financial year. For the next year, analysts expect that the company will post sales of $1.22 billion per share, with estimates ranging from $1.22 billion to $1.23 billion. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for Verint Systems.
Verint Systems (NASDAQ:VRNT) last released its quarterly earnings data on Wednesday, December 6th. The technology company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.32. The company had revenue of $280.70 million during the quarter, compared to the consensus estimate of $282.01 million. Verint Systems had a negative net margin of 1.41% and a positive return on equity of 9.90%. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period last year, the firm earned $0.59 EPS.
A number of equities research analysts recently issued reports on the stock. Oppenheimer reiterated a “buy” rating and set a $49.00 target price on shares of Verint Systems in a research report on Thursday, December 7th. BidaskClub upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, December 27th. Finally, Zacks Investment Research cut shares of Verint Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $47.50.
Verint Systems (NASDAQ VRNT) opened at $39.90 on Friday. The company has a market cap of $2,506.60, a PE ratio of -159.60, a PEG ratio of 1.83 and a beta of 1.11. Verint Systems has a 1-year low of $36.90 and a 1-year high of $44.70. The company has a current ratio of 1.67, a quick ratio of 1.63 and a debt-to-equity ratio of 0.71.
Several institutional investors have recently made changes to their positions in VRNT. Parametric Portfolio Associates LLC increased its position in shares of Verint Systems by 10.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 83,696 shares of the technology company’s stock worth $3,406,000 after purchasing an additional 7,929 shares in the last quarter. Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of Verint Systems during the 2nd quarter worth about $345,000. State Street Corp increased its position in shares of Verint Systems by 5.5% during the 2nd quarter. State Street Corp now owns 1,258,532 shares of the technology company’s stock worth $51,225,000 after purchasing an additional 65,509 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Verint Systems by 5.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 113,260 shares of the technology company’s stock valued at $4,610,000 after acquiring an additional 5,689 shares in the last quarter. Finally, Nationwide Fund Advisors increased its position in Verint Systems by 36.8% in the 3rd quarter. Nationwide Fund Advisors now owns 51,955 shares of the technology company’s stock valued at $2,174,000 after acquiring an additional 13,988 shares in the last quarter. Institutional investors and hedge funds own 93.53% of the company’s stock.
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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