Verint Systems (NASDAQ:VRNT) updated its FY 2021
After-Hours earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 4.00-4.00 for the period, compared to the Thomson Reuters consensus estimate of $4.02. The company issued revenue guidance of $1.426-1.485 billion, compared to the consensus revenue estimate of $1.49 billion.Verint Systems also updated its FY 2020
After-Hours guidance to 3.65-3.65 EPS.
A number of analysts have recently weighed in on VRNT shares. Wedbush reiterated a buy rating and set a $70.00 target price on shares of Verint Systems in a report on Thursday, September 5th. Jefferies Financial Group reduced their price target on Verint Systems from $72.00 to $67.00 and set a buy rating on the stock in a report on Thursday, September 5th. They noted that the move was a valuation call. Goldman Sachs Group initiated coverage on Verint Systems in a report on Tuesday, November 12th. They set a buy rating and a $58.00 price target on the stock. TheStreet lowered Verint Systems from a b- rating to a c+ rating in a research report on Thursday, September 19th. Finally, Zacks Investment Research cut Verint Systems from a hold rating to a sell rating in a report on Tuesday, November 26th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $65.13.
NASDAQ VRNT traded up $4.50 during trading on Thursday, hitting $52.31. The company had a trading volume of 151,203 shares, compared to its average volume of 538,148. The company’s fifty day moving average is $46.35 and its 200-day moving average is $51.13. Verint Systems has a one year low of $39.96 and a one year high of $63.94. The company has a current ratio of 1.50, a quick ratio of 1.46 and a debt-to-equity ratio of 0.68. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 22.57, a price-to-earnings-growth ratio of 1.33 and a beta of 1.06.
Verint Systems (NASDAQ:VRNT) last announced its earnings results on Wednesday, December 4th. The technology company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.35. Verint Systems had a net margin of 4.58% and a return on equity of 13.44%. The firm had revenue of $331.10 million for the quarter, compared to analyst estimates of $332.96 million. During the same quarter in the previous year, the firm posted $0.85 EPS. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, equities analysts anticipate that Verint Systems will post 2.62 EPS for the current year.
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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