Verint Systems (VRNT) Releases Quarterly Earnings Results
Verint Systems (NASDAQ:VRNT) issued its quarterly earnings data on Wednesday. The company reported $0.72 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.55 by $0.17, Analyst Ratings Network reports. 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. Verint Systems updated its FY15 guidance to $3.30-3.50 EPS.
Verint Systems (NASDAQ:VRNT) traded up 0.58% on Wednesday, hitting $46.59. The stock had a trading volume of 397,836 shares. Verint Systems has a 1-year low of $32.80 and a 1-year high of $49.99. The stock has a 50-day moving average of $44.21 and a 200-day moving average of $44.19. The company has a market cap of $2.498 billion and a P/E ratio of 46.79.
VRNT has been the subject of a number of recent research reports. 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 the ratings front, 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 research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Verint Systems currently has a consensus rating of “Buy” and a consensus target price of $53.31.
Verint Systems Inc (NASDAQ:VRNT) is engaged in Actionable Intelligence solutions and value-added services.
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