Wall Street brokerages forecast that Verint Systems Inc. (NASDAQ:VRNT) will report sales of $270.26 million for the current quarter, according to Zacks. Four analysts have provided estimates for Verint Systems’ earnings, with the highest sales estimate coming in at $271.05 million and the lowest estimate coming in at $270.00 million. Verint Systems posted sales of $261.92 million in the same quarter last year, which suggests a positive year-over-year growth rate of 3.2%. The company is expected to issue its next earnings results on Wednesday, September 6th.
According to Zacks, analysts expect that Verint Systems will report full-year sales of $270.26 million for the current fiscal year. For the next fiscal year, analysts anticipate that the company will report sales of $1.23 billion per share, with estimates ranging from $1.20 billion to $1.28 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Verint Systems.
Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings results on Wednesday, June 7th. The technology company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.38 by $0.11. The business had revenue of $265.70 million during the quarter, compared to analysts’ expectations of $259.97 million. Verint Systems had a negative net margin of 2.94% and a positive return on equity of 9.76%. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the company posted $0.46 earnings per share.
Several brokerages recently issued reports on VRNT. Zacks Investment Research upgraded Verint Systems from a “hold” rating to a “strong-buy” rating and set a $48.00 price objective for the company in a research report on Wednesday, June 14th. Royal Bank Of Canada boosted their price objective on Verint Systems from $37.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, March 29th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $49.00 price objective on shares of Verint Systems in a research report on Thursday, March 30th. Goldman Sachs Group, Inc. (The) boosted their price objective on Verint Systems from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, March 29th. Finally, Imperial Capital reiterated an “in-line” rating and issued a $47.00 price objective (up from $45.00) on shares of Verint Systems in a research report on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $44.38.
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In other news, Director Richard N. Nottenburg sold 3,846 shares of the stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $40.95, for a total value of $157,493.70. Following the completion of the sale, the director now owns 18,178 shares of the company’s stock, valued at approximately $744,389.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Douglas Robinson sold 2,635 shares of the stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $40.86, for a total value of $107,666.10. Following the completion of the sale, the chief financial officer now directly owns 159,818 shares of the company’s stock, valued at approximately $6,530,163.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,584 shares of company stock valued at $393,624. Insiders own 1.20% of the company’s stock.
Several large investors have recently added to or reduced their stakes in VRNT. Bronfman E.L. Rothschild L.P. increased its stake in Verint Systems by 27.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,669 shares of the technology company’s stock valued at $116,000 after buying an additional 576 shares during the last quarter. Bank of Montreal Can increased its stake in Verint Systems by 43.1% in the first quarter. Bank of Montreal Can now owns 3,080 shares of the technology company’s stock valued at $134,000 after buying an additional 927 shares during the last quarter. Strs Ohio increased its stake in Verint Systems by 61.5% in the first quarter. Strs Ohio now owns 4,200 shares of the technology company’s stock valued at $182,000 after buying an additional 1,600 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in Verint Systems during the fourth quarter valued at approximately $148,000. Finally, Solaris Asset Management LLC increased its stake in Verint Systems by 6.2% in the first quarter. Solaris Asset Management LLC now owns 4,300 shares of the technology company’s stock valued at $187,000 after buying an additional 250 shares during the last quarter. 95.46% of the stock is owned by institutional investors.
Verint Systems (NASDAQ:VRNT) traded up 0.64% during mid-day trading on Friday, hitting $39.35. 375,602 shares of the company traded hands. The company’s market capitalization is $2.47 billion. The company’s 50-day moving average price is $40.75 and its 200 day moving average price is $39.55. Verint Systems has a one year low of $33.40 and a one year high of $44.70.
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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