Verint Systems (NASDAQ:VRNT) Updates FY25 Earnings Guidance

Verint Systems (NASDAQ:VRNT) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share guidance of $2.90 for the period, compared to the consensus earnings per share estimate of $2.91. The company issued revenue guidance of $914.3- $951.7 million, compared to the consensus revenue estimate of $933.04 million.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. StockNews.com raised Verint Systems from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th. TD Cowen decreased their target price on Verint Systems from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 target price on shares of Verint Systems in a research report on Wednesday, September 25th. Jefferies Financial Group decreased their target price on Verint Systems from $32.00 to $28.00 and set a “hold” rating for the company in a research report on Thursday, September 5th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 target price on shares of Verint Systems in a research report on Thursday, September 5th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Verint Systems has an average rating of “Moderate Buy” and a consensus target price of $34.67.

Verint Systems Stock Performance

Shares of Verint Systems stock traded up $1.69 on Wednesday, reaching $25.97. 1,800,131 shares of the company were exchanged, compared to its average volume of 671,542. Verint Systems has a 1-year low of $21.27 and a 1-year high of $38.17. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 38.76, a P/E/G ratio of 1.05 and a beta of 1.28. The company’s 50-day moving average is $23.60 and its two-hundred day moving average is $28.89. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.36 and a current ratio of 1.41.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The firm had revenue of $210.17 million for the quarter, compared to the consensus estimate of $212.81 million. Verint Systems had a net margin of 6.78% and a return on equity of 16.17%. The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.22 earnings per share. As a group, research analysts expect that Verint Systems will post 1.97 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Dan Bodner sold 16,932 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $25.85, for a total value of $437,692.20. Following the sale, the chief executive officer now directly owns 592,832 shares of the company’s stock, valued at approximately $15,324,707.20. This trade represents a 2.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Peter Fante sold 6,330 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $25.85, for a total value of $163,630.50. Following the completion of the sale, the insider now directly owns 91,334 shares in the company, valued at approximately $2,360,983.90. This represents a 6.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,811 shares of company stock worth $874,014 over the last quarter. Corporate insiders own 1.70% of the company’s stock.

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.