Verint Systems PT Raised to $58.00 (VRNT)
Equities research analysts at Imperial Capital raised their price target on shares of Verint Systems (NASDAQ:VRNT) from $55.00 to $58.00 in a research note issued to investors on Friday. The firm currently has an “outperform” rating on the stock. Imperial Capital’s price objective suggests a potential upside of 13.37% from the company’s current price.
Shares of Verint Systems (NASDAQ:VRNT) opened at 51.16 on Friday. Verint Systems has a 52-week low of $32.80 and a 52-week high of $53.19. The stock has a 50-day moving average of $44.45 and a 200-day moving average of $44.26. The company has a market cap of $2.743 billion and a P/E ratio of 47.06.
Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings results on Wednesday, June 4th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the 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 $254.99 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 25.3% on a year-over-year basis. Analysts expect that Verint Systems will post $3.30 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at CRT Capital raised their price target on shares of Verint Systems from $58.00 to $60.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Credit Suisse upgraded shares of Verint Systems from a “neutral” rating to an “outperform” rating in a research note on Thursday. Finally, analysts at FBR Capital Markets raised their price target on shares of Verint Systems from $57.00 to $60.00 in a research note on Thursday. They now have an “outperform” rating on the stock. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $55.29.
Verint Systems Inc (NASDAQ:VRNT) is engaged in Actionable Intelligence solutions and value-added services.
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