Equities analysts expect that Verint Systems Inc. (NASDAQ:VRNT) will report sales of $282.85 million for the current quarter, according to Zacks. Four analysts have provided estimates for Verint Systems’ earnings. The highest sales estimate is $283.86 million and the lowest is $282.00 million. Verint Systems reported sales of $258.90 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.3%. The business is scheduled to report its next quarterly earnings results on Wednesday, December 6th.
According to Zacks, analysts expect that Verint Systems will report full year sales of $282.85 million for the current fiscal year, with estimates ranging from $1.14 billion to $1.15 billion. For the next financial year, analysts anticipate that the business will report sales of $1.23 billion per share, with estimates ranging from $1.20 billion to $1.28 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow Verint Systems.
Verint Systems (NASDAQ:VRNT) last released its earnings results on Wednesday, September 6th. The technology company reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.14. Verint Systems had a positive return on equity of 9.90% and a negative net margin of 2.42%. The business had revenue of $278.20 million during the quarter, compared to the consensus estimate of $270.14 million. During the same period last year, the business posted $0.57 earnings per share. The business’s revenue for the quarter was up 5.3% on a year-over-year basis.
Several equities analysts have recently weighed in on VRNT shares. Deutsche Bank AG increased their price target on Verint Systems from $42.00 to $44.00 and gave the company a “hold” rating in a report on Thursday, September 7th. Royal Bank Of Canada reissued a “buy” rating and set a $48.00 price target on shares of Verint Systems in a report on Tuesday, August 15th. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $49.00 price target on shares of Verint Systems in a report on Thursday, September 7th. Finally, Zacks Investment Research raised Verint Systems from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Wednesday, September 13th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $46.43.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Phocas Financial Corp. lifted its holdings in shares of Verint Systems by 4.7% during the 2nd quarter. Phocas Financial Corp. now owns 196,898 shares of the technology company’s stock valued at $8,014,000 after buying an additional 8,782 shares during the period. Koch Industries Inc. bought a new position in shares of Verint Systems during the 2nd quarter valued at $230,000. Polaris Capital Management LLC increased its stake in shares of Verint Systems by 3.5% in the 2nd quarter. Polaris Capital Management LLC now owns 470,496 shares of the technology company’s stock worth $21,012,000 after purchasing an additional 15,700 shares in the last quarter. Castleark Management LLC increased its stake in shares of Verint Systems by 38.5% in the 2nd quarter. Castleark Management LLC now owns 254,309 shares of the technology company’s stock worth $10,350,000 after purchasing an additional 70,754 shares in the last quarter. Finally, CS Mckee LP increased its stake in shares of Verint Systems by 1.1% in the 2nd quarter. CS Mckee LP now owns 28,650 shares of the technology company’s stock worth $1,166,000 after purchasing an additional 300 shares in the last quarter. 93.08% of the stock is currently owned by hedge funds and other institutional investors.
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Verint Systems (VRNT) traded down 0.23% during mid-day trading on Thursday, reaching $43.00. The company’s stock had a trading volume of 388,671 shares. Verint Systems has a 12-month low of $33.40 and a 12-month high of $44.70. The company has a 50-day moving average price of $40.40 and a 200-day moving average price of $40.26. The firm’s market cap is $2.74 billion.
Verint Systems Company Profile
Verint Systems Inc offers Actionable Intelligence solutions. The Company delivers its Actionable Intelligence solutions through two operating segments: Customer Engagement Solutions and Cyber Intelligence Solutions. It is a provider of customer engagement software and services that can be deployed on-premises or in the cloud.
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