Verint Systems (NASDAQ:VRNT) Releases Quarterly Earnings Results, Beats Expectations By $0.09 EPS

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

NASDAQ VRNT traded down $0.59 during trading on Thursday, hitting $45.66. 110,875 shares of the company traded hands, compared to its average volume of 1,211,256. Verint Systems has a 12 month low of $20.19 and a 12 month high of $52.70. The business’s fifty day simple moving average is $46.62. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.10 and a quick ratio of 1.08. The company has a market cap of $2.97 billion, a P/E ratio of -196.38, a P/E/G ratio of 2.51 and a beta of 0.88.

In other news, CEO Dan Bodner sold 62,071 shares of Verint Systems stock in a transaction dated Wednesday, April 7th. The stock was sold at an average price of $46.36, for a total value of $2,877,611.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Peter Fante sold 9,729 shares of Verint Systems stock in a transaction dated Wednesday, April 7th. The stock was sold at an average price of $46.36, for a total value of $451,036.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 181,457 shares of company stock worth $8,371,996. Corporate insiders own 1.90% of the company’s stock.

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

Verint Systems Company Profile

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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