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

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

Verint Systems Stock Down 11.1 %

VRNT stock opened at $26.54 on Friday. The company has a 50 day moving average of $32.58 and a two-hundred day moving average of $31.99. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 55.29, a PEG ratio of 1.32 and a beta of 1.26. Verint Systems has a 12-month low of $18.41 and a 12-month high of $38.17. The company has a quick ratio of 1.30, a current ratio of 1.34 and a debt-to-equity ratio of 0.50.

Wall Street Analyst Weigh In

VRNT has been the subject of several research reports. Jefferies Financial Group reduced their price objective on Verint Systems from $32.00 to $28.00 and set a “hold” rating for the company in a research note on Thursday. StockNews.com upgraded Verint Systems from a “hold” rating to a “buy” rating in a research report on Thursday. Evercore ISI cut their price objective on Verint Systems from $34.00 to $30.00 and set an “in-line” rating on the stock in a report on Thursday. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 target price on shares of Verint Systems in a research report on Thursday. Finally, TD Cowen reduced their price target on shares of Verint Systems from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Verint Systems currently has an average rating of “Moderate Buy” and an average price target of $34.17.

Insider Activity

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

Verint Systems Company Profile

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.