Verint Systems (NASDAQ:VRNT) Releases FY 2022 Earnings Guidance

Verint Systems (NASDAQ:VRNT) issued an update on its FY 2022 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 2.230-2.230 for the period, compared to the Thomson Reuters consensus estimate of $2.190. The company issued revenue guidance of -.

VRNT stock traded down $0.10 during trading on Tuesday, reaching $48.02. The stock had a trading volume of 959,515 shares, compared to its average volume of 1,269,723. Verint Systems has a 52 week low of $20.03 and a 52 week high of $52.70. The stock’s 50 day moving average is $47.20 and its two-hundred day moving average is $55.31. The company has a current ratio of 1.26, a quick ratio of 1.24 and a debt-to-equity ratio of 0.49. The firm has a market cap of $3.16 billion, a PE ratio of 200.50, a PEG ratio of 1.48 and a beta of 0.84.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings data on Tuesday, March 30th. The technology company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.79 by $0.19. Verint Systems had a return on equity of 13.19% and a net margin of 1.51%. On average, research analysts anticipate that Verint Systems will post 2.54 EPS for the current year.

Several research firms have recently commented on VRNT. Wedbush decreased their price objective on Verint Systems from $100.00 to $65.00 and set an outperform rating on the stock in a research note on Wednesday, February 3rd. They noted that the move was a valuation call. The Goldman Sachs Group lifted their target price on Verint Systems from $66.00 to $80.00 and gave the company a buy rating in a research note on Friday, January 8th. Oppenheimer cut their price target on Verint Systems from $89.00 to $60.00 in a report on Thursday, April 1st. Royal Bank of Canada cut their price target on Verint Systems from $65.00 to $55.00 and set an outperform rating for the company in a report on Thursday, April 1st. Finally, Zacks Investment Research upgraded Verint Systems from a strong sell rating to a hold rating and set a $52.00 price target for the company in a report on Thursday, April 8th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $61.00.

In related news, President Elan Moriah sold 4,482 shares of the firm’s stock in a transaction that occurred on Friday, April 9th. The stock was sold at an average price of $45.91, for a total transaction of $205,768.62. Following the completion of the sale, the president now directly owns 99,193 shares of the company’s stock, valued at approximately $4,553,950.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Peter Fante sold 10,396 shares of the firm’s stock in a transaction that occurred on Monday, April 12th. The stock was sold at an average price of $45.93, for a total value of $477,488.28. In the last quarter, insiders sold 181,457 shares of company stock valued at $8,371,996. Company insiders own 1.40% of the company’s stock.

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 and Estimates for Verint Systems (NASDAQ:VRNT)

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