Share on StockTwits

Verint Systems Inc. (NASDAQ:VRNT) issued an update on its FY15 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $3.30-3.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.30, ARN reports. The company issued revenue guidance of $1.11-1.16 billion, compared to the consensus revenue estimate of $1.11 billion.

Shares of Verint Systems Inc. (NASDAQ:VRNT) traded up 0.58% during mid-day trading on Wednesday, hitting $46.59. 397,836 shares of the company’s stock traded hands. Verint Systems Inc. has a 52 week low of $32.80 and a 52 week high of $49.99. The stock’s 50-day moving average is $44.21 and its 200-day moving average is $44.19. The company has a market cap of $2.498 billion and a P/E ratio of 46.79.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings results on Wednesday, June 4th. The company reported $0.72 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.55 by $0.17. The company had revenue of $257.40 million for the quarter, compared to the consensus estimate of $254.87 million. During the same quarter last year, the company posted $0.44 earnings per share. Verint Systems’s revenue was up 25.3% compared to the same quarter last year. Analysts expect that Verint Systems Inc. will post $3.30 EPS for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Verint Systems from an outperform rating to a neutral rating in a research note on Thursday, April 3rd. They now have a $51.50 price target on the stock. On a related note, analysts at JPMorgan Chase & Co. raised their price target on shares of Verint Systems from $51.00 to $55.00 in a research note on Tuesday, April 1st. Finally, analysts at Imperial Capital raised their price target on shares of Verint Systems from $51.00 to $55.00 in a research note on Tuesday, April 1st. They now have an outperform rating on the stock. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $53.31.

Verint Systems Inc (NASDAQ:VRNT) is engaged in Actionable Intelligence solutions and value-added services.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.