Verint Systems Upgraded by FBR Capital Markets to Outperform (VRNT)
Verint Systems (NASDAQ:VRNT) was upgraded by equities research analysts at FBR Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm currently has a $55.00 price objective on the stock, up from their previous price objective of $40.00. FBR Capital Markets’ price objective would indicate a potential upside of 13.43% from the stock’s previous close.
Verint Systems (NASDAQ:VRNT) traded up 5.60% on Thursday, hitting $48.50. The stock had a trading volume of 624,688 shares. Verint Systems has a one year low of $32.25 and a one year high of $46.97. The stock’s 50-day moving average is $41.91 and its 200-day moving average is $37.65. The company has a market cap of $2.593 billion and a price-to-earnings ratio of 43.87.
Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings data on Wednesday, December 4th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.15. The company had revenue of $224.30 million for the quarter, compared to the consensus estimate of $223.63 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, analysts predict that Verint Systems will post $2.78 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on VRNT. Analysts at CRT Capital raised their price target on shares of Verint Systems from $46.00 to $52.00 in a research note to investors on Tuesday, January 7th. They now have a “buy” rating on the stock. Separately, analysts at Imperial Capital raised their price target on shares of Verint Systems from $41.00 to $46.00 in a research note to investors on Friday, December 6th. They now have an “outperform” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Verint Systems in a research note to investors on Thursday, December 5th. They now have a $45.00 price target on the stock. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $47.14.
Verint Systems Inc (NASDAQ:VRNT) is engaged in Actionable Intelligence solutions and value-added services.
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