Verint Systems (NASDAQ:VRNT) Releases FY 2020 After-Hours Earnings Guidance

Verint Systems (NASDAQ:VRNT) issued an update on its FY 2020
After-Hours earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 3.65-3.65 for the period, compared to the Thomson Reuters consensus estimate of $3.64. The company issued revenue guidance of $1.333-1.388 billion, compared to the consensus revenue estimate of $1.37 billion.Verint Systems also updated its FY 2021
After-Hours guidance to 4.00-4.00 EPS.

Shares of VRNT stock traded up $0.25 during trading hours on Wednesday, reaching $47.81. 870,898 shares of the company’s stock were exchanged, compared to its average volume of 538,147. Verint Systems has a 1 year low of $39.96 and a 1 year high of $63.94. The stock has a market cap of $3.25 billion, a PE ratio of 20.61, a PEG ratio of 1.33 and a beta of 1.06. 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 stock’s fifty day moving average price is $46.27 and its two-hundred day moving average price is $51.20.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.02. Verint Systems had a return on equity of 13.44% and a net margin of 4.58%. The business had revenue of $331.00 million for the quarter, compared to analyst estimates of $334.56 million. During the same quarter in the previous year, the firm earned $0.76 earnings per share. The company’s revenue was up 7.3% on a year-over-year basis. On average, equities analysts expect that Verint Systems will post 2.62 EPS for the current fiscal year.

VRNT has been the topic of a number of research analyst reports. Wedbush restated a buy rating and set a $70.00 price target on shares of Verint Systems in a research note on Thursday, September 5th. Jefferies Financial Group decreased their target price on Verint Systems from $72.00 to $67.00 and set a buy rating for the company in a report on Thursday, September 5th. They noted that the move was a valuation call. TheStreet downgraded Verint Systems from a b- rating to a c+ rating in a report on Thursday, September 19th. Zacks Investment Research downgraded Verint Systems from a hold rating to a sell rating in a report on Tuesday, November 26th. Finally, BidaskClub raised Verint Systems from a sell rating to a hold rating in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $64.63.

About Verint Systems

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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Earnings History and Estimates for Verint Systems (NASDAQ:VRNT)

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