Brokerages forecast that Verint Systems Inc. (NASDAQ:VRNT) will announce $334.53 million in sales for the current quarter, according to Zacks. Four analysts have issued estimates for Verint Systems’ earnings. The highest sales estimate is $335.01 million and the lowest is $334.00 million. Verint Systems reported sales of $308.48 million during the same quarter last year, which indicates a positive year over year growth rate of 8.4%. The firm is expected to announce its next earnings report on Wednesday, September 4th.
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 forecast that the business will post sales of $1.51 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow Verint Systems.
Verint Systems (NASDAQ:VRNT) last released its quarterly earnings results on Wednesday, May 29th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.10. Verint Systems had a net margin of 5.56% and a return on equity of 13.60%. The firm had revenue of $324.16 million for the quarter, compared to analysts’ expectations of $317.97 million. During the same quarter last year, the company earned $0.53 EPS. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year.
In related news, insider Elan Moriah sold 16,308 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $56.56, for a total value of $922,380.48. Following the completion of the transaction, the insider now directly owns 103,210 shares of the company’s stock, valued at $5,837,557.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Douglas Robinson sold 3,096 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $55.19, for a total value of $170,868.24. Following the completion of the transaction, the chief financial officer now directly owns 179,769 shares of the company’s stock, valued at $9,921,451.11. The disclosure for this sale can be found here. Insiders sold 35,959 shares of company stock valued at $2,014,527 over the last ninety days. 1.40% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Investors Research Corp acquired a new position in shares of Verint Systems during the 1st quarter worth about $30,000. Point72 Asset Management L.P. acquired a new position in Verint Systems during the second quarter valued at approximately $54,000. Northwestern Mutual Wealth Management Co. raised its position in Verint Systems by 17,200.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,038 shares of the technology company’s stock valued at $62,000 after purchasing an additional 1,032 shares in the last quarter. Redhawk Wealth Advisors Inc. acquired a new position in Verint Systems during the second quarter valued at approximately $58,000. Finally, Quadrant Capital Group LLC raised its position in Verint Systems by 179.5% during the first quarter. Quadrant Capital Group LLC now owns 1,311 shares of the technology company’s stock valued at $78,000 after purchasing an additional 842 shares in the last quarter. 97.12% of the stock is owned by hedge funds and other institutional investors.
Verint Systems stock traded down $1.55 during trading on Tuesday, reaching $52.75. The company had a trading volume of 353,736 shares, compared to its average volume of 395,501. The firm’s 50-day simple moving average is $55.51 and its 200 day simple moving average is $56.24. Verint Systems has a 1-year low of $39.96 and a 1-year high of $63.94. The firm has a market capitalization of $3.57 billion, a PE ratio of 22.74, a price-to-earnings-growth ratio of 1.69 and a beta of 1.03. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.45 and a current ratio of 1.50.
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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