Verint Systems (NASDAQ:VRNT) Announces Earnings Results, Misses Estimates By $0.04 EPS

Verint Systems (NASDAQ:VRNT) issued its quarterly earnings results on Wednesday. The technology company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.04), Briefing.com reports. Verint Systems had a return on equity of 16.56% and a net margin of 5.52%. The business had revenue of $210.17 million during the quarter, compared to the consensus estimate of $212.81 million. During the same quarter last year, the firm posted $0.22 earnings per share. Verint Systems’s revenue was up .0% compared to the same quarter last year. Verint Systems updated its FY25 guidance to $2.90 EPS and its FY 2025 guidance to 2.900-2.900 EPS.

Verint Systems Price Performance

Shares of NASDAQ:VRNT opened at $26.54 on Friday. The company’s fifty day moving average is $32.58 and its two-hundred day moving average is $31.99. The company has a quick ratio of 1.30, a current ratio of 1.34 and a debt-to-equity ratio of 0.50. Verint Systems has a 12-month low of $18.41 and a 12-month high of $38.17. The company has a market cap of $1.64 billion, a P/E ratio of 55.29, a price-to-earnings-growth ratio of 1.32 and a beta of 1.26.

Insider Buying and Selling at Verint Systems

In other Verint Systems news, insider Peter Fante sold 4,417 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $36.60, for a total transaction of $161,662.20. Following the sale, the insider now directly owns 98,975 shares of the company’s stock, valued at approximately $3,622,485. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Verint Systems news, insider Peter Fante sold 4,417 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $36.60, for a total transaction of $161,662.20. Following the sale, the insider now directly owns 98,975 shares of the company’s stock, valued at approximately $3,622,485. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Dan Bodner sold 375,000 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $33.76, for a total transaction of $12,660,000.00. Following the sale, the chief executive officer now directly owns 609,764 shares in the company, valued at $20,585,632.64. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 target price on shares of Verint Systems in a report on Thursday. TD Cowen dropped their price target on Verint Systems from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday. Needham & Company LLC reissued a “buy” rating and set a $40.00 price objective on shares of Verint Systems in a research note on Thursday. Evercore ISI decreased their target price on Verint Systems from $34.00 to $30.00 and set an “in-line” rating on the stock in a report on Thursday. Finally, Jefferies Financial Group reduced their target price on Verint Systems from $32.00 to $28.00 and set a “hold” rating for the company in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.17.

About Verint Systems

Verint Systems Inc provides customer engagement solutions worldwide. It offers forecasting and scheduling, channels and routing, knowledge management, fraud and security solutions, quality and compliance, analytics and insights, real-time assistance, self-services, financial compliance, and voice pf the consumer solutions.