Verint Systems Inc. Reaches New 12-Month High at $37.42 (VRNT)
Verint Systems (NASDAQ:VRNT) set a new 52-week high on Wednesday, StockRatingsNetwork.com reports. The company traded as high as $37.42 and last traded at $37.14, with a volume of 275,168 shares. The stock had previously closed at $36.89.
A number of research firms have recently commented on VRNT. Analysts at TheStreet upgraded shares of Verint Systems (NASDAQ:VRNT) from a “hold” rating to a “buy” rating in a research note to investors on Wednesday. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Verint Systems (NASDAQ:VRNT) from $41.00 to $44.00 in a research note to investors on Thursday, September 5th. They now have an “overweight” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Verint Systems (NASDAQ:VRNT) in a research note to investors on Thursday, September 5th. They now have a $40.00 price target on the stock.
Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Verint Systems has a consensus rating of “Buy” and an average target price of $39.75.
Verint Systems has a 52 week low of $24.60 and a 52 week high of $37.04. The stock’s 50-day moving average is $35.24 and its 200-day moving average is $34.80. The company has a market cap of $1.983 billion and a price-to-earnings ratio of 54.98.
Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings results on Wednesday, September 4th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.18. The company had revenue of $223.00 million for the quarter, compared to the consensus estimate of $216.37 million. During the same quarter in the previous year, the company posted $0.58 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, analysts predict that Verint Systems will post $2.77 earnings per share for the current fiscal year.
Verint Systems Inc (NASDAQ:VRNT) is engaged in Actionable Intelligence solutions and value-added services.
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