Verint Systems (NASDAQ:VRNT) Announces Earnings Results

Verint Systems (NASDAQ:VRNT) released its quarterly earnings results on Tuesday. The technology company reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.09, MarketWatch Earnings reports. Verint Systems had a positive return on equity of 14.45% and a negative net margin of 0.57%. The company had revenue of $201.00 million for the quarter, compared to analysts’ expectations of $197.10 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year.

Verint Systems stock opened at $46.25 on Thursday. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of -201.08, a price-to-earnings-growth ratio of 2.51 and a beta of 0.88. Verint Systems has a 1 year low of $20.19 and a 1 year high of $52.70. The business has a 50 day simple moving average of $46.62. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.08 and a current ratio of 1.10.

In related news, insider Peter Fante sold 10,396 shares of Verint Systems stock in a transaction dated Monday, April 12th. The stock was sold at an average price of $45.93, for a total value of $477,488.28. Also, Director Richard N. Nottenburg sold 2,517 shares of the business’s stock in a transaction dated Friday, April 9th. The stock was sold at an average price of $45.91, for a total value of $115,555.47. Following the sale, the director now owns 5,109 shares in the company, valued at approximately $234,554.19. The disclosure for this sale can be found here. Insiders have sold a total of 181,457 shares of company stock valued at $8,371,996 in the last quarter. Insiders own 1.90% of the company’s stock.

A number of research analysts have issued reports on the company. Oppenheimer reduced their price target on Verint Systems from $89.00 to $60.00 in a research report on Thursday, April 1st. TheStreet cut shares of Verint Systems from a “b” rating to a “c” rating in a research note on Wednesday, March 31st. Royal Bank of Canada reduced their price target on shares of Verint Systems from $65.00 to $55.00 and set an “outperform” rating for the company in a research note on Thursday, April 1st. Evercore ISI started coverage on shares of Verint Systems in a research note on Wednesday, June 2nd. They set an “outperform” rating and a $75.00 price objective on the stock. Finally, Zacks Investment Research downgraded Verint Systems from a “buy” rating to a “hold” rating in a research report on Thursday, June 3rd. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Verint Systems currently has a consensus rating of “Buy” and a consensus target price of $62.56.

About Verint Systems

Verint Systems Inc provides customer engagement solutions worldwide. It offers various applications for use in Forecasting and Scheduling, which understands the work needed to meet and exceed customer expectations; Quality and Compliance that uses automation and analytics for customer interactions for attended and self-service channels; Interaction Insights, which extracts insights from structured and unstructured customer interactions and activities; Real-Time Work that supports in-the-moment workforce activities; Self-Service, which connects customers and employees with information, resources, and support; Case Management that helps employees to improve efficiency, time to resolution, compliance, and customer satisfaction; and Knowledge Management, which help agents to deliver stellar service with tools.

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Earnings History for Verint Systems (NASDAQ:VRNT)

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