Verint Systems Inc. (VRNT) Expected to Post Quarterly Sales of $305.50 Million

Equities analysts expect Verint Systems Inc. (NASDAQ:VRNT) to post sales of $305.50 million for the current quarter, Zacks reports. Two analysts have provided estimates for Verint Systems’ earnings. The lowest sales estimate is $305.00 million and the highest is $306.00 million. Verint Systems reported sales of $283.76 million in the same quarter last year, which would suggest a positive year over year growth rate of 7.7%. The business is expected to report its next earnings results on Wednesday, December 5th.

According to Zacks, analysts expect that Verint Systems will report full-year sales of $1.24 billion for the current financial year. For the next year, analysts anticipate that the business will report sales of $1.32 billion, with estimates ranging from $1.31 billion to $1.32 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Verint Systems.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings data on Wednesday, September 5th. The technology company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.14. Verint Systems had a return on equity of 11.69% and a net margin of 3.29%. The business had revenue of $306.30 million for the quarter, compared to analyst estimates of $295.84 million. During the same quarter in the prior year, the company earned $0.61 earnings per share. The company’s revenue was up 11.5% on a year-over-year basis.



A number of research firms have recently weighed in on VRNT. Wedbush began coverage on Verint Systems in a research report on Thursday, October 18th. They set an “outperform” rating and a $58.00 price objective on the stock. BidaskClub lowered Verint Systems from a “buy” rating to a “hold” rating in a research report on Thursday, July 26th. ValuEngine raised Verint Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, July 10th. TheStreet raised Verint Systems from a “c” rating to a “b-” rating in a research report on Thursday, September 13th. Finally, Oppenheimer upped their price objective on Verint Systems from $49.00 to $58.00 and gave the stock an “outperform” rating in a research report on Thursday, September 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $54.92.

In related news, insider Peter Fante sold 6,603 shares of the stock in a transaction on Monday, September 10th. The stock was sold at an average price of $49.65, for a total value of $327,838.95. Following the transaction, the insider now owns 135,552 shares of the company’s stock, valued at $6,730,156.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard N. Nottenburg sold 2,427 shares of the stock in a transaction on Friday, September 14th. The shares were sold at an average price of $48.40, for a total value of $117,466.80. Following the completion of the transaction, the director now directly owns 15,524 shares in the company, valued at approximately $751,361.60. The disclosure for this sale can be found here. Insiders sold 107,501 shares of company stock worth $5,239,269 in the last three months. 1.40% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Global X Management Co LLC acquired a new position in Verint Systems in the second quarter valued at $166,000. Strs Ohio boosted its stake in Verint Systems by 60.0% in the second quarter. Strs Ohio now owns 4,000 shares of the technology company’s stock valued at $177,000 after acquiring an additional 1,500 shares in the last quarter. CAPROCK Group Inc. acquired a new position in Verint Systems in the third quarter valued at $202,000. Sun Life Financial INC acquired a new position in Verint Systems in the second quarter valued at $205,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Verint Systems in the first quarter valued at $206,000. Institutional investors own 94.70% of the company’s stock.

Shares of Verint Systems stock traded up $1.06 during trading hours on Wednesday, reaching $45.57. 4,891 shares of the company were exchanged, compared to its average volume of 339,188. Verint Systems has a 1 year low of $37.10 and a 1 year high of $52.45. The company has a current ratio of 1.57, a quick ratio of 1.53 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $2.91 billion, a P/E ratio of 25.73, a P/E/G ratio of 1.97 and a beta of 1.03.

About Verint Systems

Verint Systems Inc provides actionable intelligence solutions and value-added services worldwide. Its Customer Engagement Solutions segment provides automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, digital feedback, email engagement, employee desktop, enterprise feedback, financial compliance, full-time recording, gamification, identity analytics, internal communities, knowledge management, mobile workforce, performance management, robotic process automation, social analytics, speech and text analytics, virtual assistant, voice self-service, voice self-service fraud detection, Web/mobile self-service, work manager, and workforce management solutions.

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