Several other research firms have also recently issued reports on VRNT. Zacks Investment Research upgraded shares of Verint Systems from a “sell” rating to a “hold” rating in a research report on Friday, December 6th. BidaskClub upgraded shares of Verint Systems from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. TheStreet cut shares of Verint Systems from a “b-” rating to a “c+” rating in a research report on Thursday, September 19th. Needham & Company LLC reiterated a “buy” rating and set a $57.00 price objective on shares of Verint Systems in a research report on Thursday, December 5th. They noted that the move was a valuation call. Finally, Goldman Sachs Group began coverage on shares of Verint Systems in a research report on Tuesday, November 12th. They set a “buy” rating and a $58.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $66.38.
Shares of NASDAQ:VRNT opened at $51.84 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.57 and a quick ratio of 1.53. Verint Systems has a 1-year low of $39.96 and a 1-year high of $63.94. The company has a market capitalization of $3.46 billion, a P/E ratio of 22.34, a P/E/G ratio of 1.42 and a beta of 1.06. The firm’s 50 day simple moving average is $47.94 and its two-hundred day simple moving average is $50.78.
Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings results on Wednesday, December 4th. The technology company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.35. Verint Systems had a net margin of 3.95% and a return on equity of 13.50%. The business had revenue of $331.10 million for the quarter, compared to the consensus estimate of $332.96 million. During the same quarter in the previous year, the firm earned $0.85 earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, sell-side analysts anticipate that Verint Systems will post 2.62 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in VRNT. Point72 Asset Management L.P. bought a new stake in Verint Systems in the second quarter worth $54,000. Redhawk Wealth Advisors Inc. bought a new stake in Verint Systems in the second quarter worth $58,000. Ladenburg Thalmann Financial Services Inc. increased its position in Verint Systems by 14.6% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,565 shares of the technology company’s stock worth $84,000 after purchasing an additional 199 shares during the last quarter. Quantamental Technologies LLC bought a new stake in Verint Systems in the second quarter worth $100,000. Finally, C M Bidwell & Associates Ltd. bought a new stake in Verint Systems in the second quarter worth $125,000. Institutional investors own 97.31% of the company’s stock.
About Verint Systems
Verint Systems Inc provides actionable intelligence solutions worldwide. The company's Customer Engagement Solutions segment offers automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, and digital feedback solutions.
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