Wall Street analysts expect Verint Systems Inc. (NASDAQ:VRNT) to post $316.97 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for Verint Systems’ earnings. The lowest sales estimate is $315.00 million and the highest is $320.80 million. Verint Systems reported sales of $291.97 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 8.6%. The company is expected to issue its next quarterly earnings report after the market closes on Wednesday, May 29th.
According to Zacks, analysts expect that Verint Systems will report full-year sales of $1.37 billion for the current financial year, with estimates ranging from $1.37 billion to $1.38 billion. For the next financial year, analysts anticipate that the business will report sales of $1.50 billion, with estimates ranging from $1.50 billion to $1.51 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Verint Systems.
Verint Systems (NASDAQ:VRNT) last announced its quarterly earnings results on Wednesday, March 27th. The technology company reported $0.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.08. Verint Systems had a return on equity of 12.77% and a net margin of 5.37%. The business had revenue of $330.20 million for the quarter, compared to analyst estimates of $332.54 million. During the same quarter in the prior year, the company posted $1.05 EPS. The company’s quarterly revenue was up 3.6% on a year-over-year basis.
Several equities analysts have recently commented on VRNT shares. TheStreet raised Verint Systems from a “c+” rating to a “b+” rating in a research note on Tuesday, February 19th. Jefferies Financial Group upped their price target on Verint Systems from $53.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. BidaskClub raised Verint Systems from a “hold” rating to a “buy” rating in a research note on Saturday, February 9th. Zacks Investment Research lowered Verint Systems from a “strong-buy” rating to a “hold” rating in a research note on Saturday, February 16th. Finally, Wedbush upped their price target on Verint Systems from $58.00 to $63.00 and gave the company a “hold” rating in a research note on Thursday, March 28th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Verint Systems currently has an average rating of “Buy” and a consensus price target of $65.00.
In related news, insider Elan Moriah sold 5,514 shares of the stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $63.20, for a total transaction of $348,484.80. Following the transaction, the insider now owns 82,108 shares of the company’s stock, valued at approximately $5,189,225.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Douglas Robinson sold 3,757 shares of the stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $62.86, for a total value of $236,165.02. Following the transaction, the chief financial officer now directly owns 170,878 shares in the company, valued at approximately $10,741,391.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 107,724 shares of company stock worth $6,756,296. 1.40% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Fisher Asset Management LLC increased its holdings in Verint Systems by 0.4% during the 4th quarter. Fisher Asset Management LLC now owns 2,081,912 shares of the technology company’s stock worth $88,086,000 after purchasing an additional 7,347 shares during the period. Victory Capital Management Inc. increased its holdings in Verint Systems by 58.9% during the 4th quarter. Victory Capital Management Inc. now owns 2,010,944 shares of the technology company’s stock worth $85,083,000 after purchasing an additional 745,179 shares during the period. Clal Insurance Enterprises Holdings Ltd increased its holdings in Verint Systems by 52.1% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,901,882 shares of the technology company’s stock worth $113,847,000 after purchasing an additional 651,314 shares during the period. Dimensional Fund Advisors LP increased its holdings in Verint Systems by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,550,919 shares of the technology company’s stock worth $92,836,000 after purchasing an additional 7,415 shares during the period. Finally, American Capital Management Inc. increased its holdings in Verint Systems by 0.3% during the 1st quarter. American Capital Management Inc. now owns 1,517,959 shares of the technology company’s stock worth $90,865,000 after purchasing an additional 5,220 shares during the period.
Shares of Verint Systems stock traded up $0.70 during trading hours on Monday, hitting $56.19. The company’s stock had a trading volume of 764,344 shares, compared to its average volume of 534,753. Verint Systems has a twelve month low of $39.96 and a twelve month high of $63.94. The firm has a market cap of $3.70 billion, a PE ratio of 24.22, a price-to-earnings-growth ratio of 2.02 and a beta of 1.18. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 0.62.
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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