Verint Systems (NASDAQ:VRNT) Posts Earnings Results, Beats Estimates By $0.16 EPS

Verint Systems (NASDAQ:VRNT) posted its quarterly earnings data on Wednesday. The technology company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.16, Briefing.com reports. The business had revenue of $215.00 million for the quarter, compared to analyst estimates of $207.96 million. Verint Systems had a positive return on equity of 14.88% and a negative net margin of 0.04%. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.80 earnings per share.

Shares of VRNT traded down $0.22 on Friday, hitting $43.88. The company’s stock had a trading volume of 6,864 shares, compared to its average volume of 993,481. The company has a market capitalization of $2.85 billion, a PE ratio of -245.00, a PEG ratio of 2.24 and a beta of 0.87. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.21 and a quick ratio of 1.21. Verint Systems has a fifty-two week low of $22.83 and a fifty-two week high of $52.70. The company has a 50 day moving average price of $43.22 and a 200 day moving average price of $45.55.

A number of research firms have recently commented on VRNT. Evercore ISI began coverage on Verint Systems in a research note on Wednesday, June 2nd. They issued an “outperform” rating and a $75.00 price objective on the stock. Zacks Investment Research lowered Verint Systems from a “buy” rating to a “hold” rating in a research note on Thursday, June 3rd. Finally, Cowen assumed coverage on Verint Systems in a research note on Wednesday, September 1st. They set an “outperform” rating and a $75.00 price target on the stock. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Verint Systems presently has a consensus rating of “Buy” and a consensus price target of $65.11.

In related news, insider Peter Fante sold 23,111 shares of the business’s stock in a transaction that occurred on Monday, June 14th. The shares were sold at an average price of $46.24, for a total value of $1,068,652.64. Following the completion of the transaction, the insider now owns 59,348 shares in the company, valued at approximately $2,744,251.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Douglas Robinson sold 2,454 shares of the company’s stock in a transaction on Monday, June 28th. The shares were sold at an average price of $45.12, for a total transaction of $110,724.48. Following the sale, the chief financial officer now owns 235,726 shares of the company’s stock, valued at approximately $10,635,957.12. The disclosure for this sale can be found here. Insiders sold a total of 29,065 shares of company stock worth $1,341,287 over the last three months. 1.90% of the stock is owned by company insiders.

Verint Systems Company Profile

Verint Systems, Inc engages in providing actionable intelligence. It operates through the following segments: Customer Engagement Solutions and Cyber Intelligence Solutions. The Customer Engagement segment includes customer-centric organizations optimize customer engagement, increase customer loyalty, and maximize revenue opportunities, while generating operational efficiencies, reducing cost, and mitigating risk.

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Earnings History for Verint Systems (NASDAQ:VRNT)

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