Verint Systems Rating Reiterated by JPMorgan Chase & Co. (VRNT)
Verint Systems (NASDAQ:VRNT)‘s stock had its “overweight” rating restated by equities researchers at JPMorgan Chase & Co. in a research report issued on Monday. They currently have a $55.00 price objective on the stock, down from their previous price objective of $56.50. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 11.74% from the company’s current price.
Verint Systems (NASDAQ:VRNT) traded up 1.14% on Monday, hitting $49.78. The stock had a trading volume of 536,643 shares. Verint Systems has a 52-week low of $32.80 and a 52-week high of $53.19. The stock’s 50-day moving average is $45.24 and its 200-day moving average is $44.78. The company has a market cap of $2.690 billion and a P/E ratio of 29.63.
Verint Systems (NASDAQ:VRNT) last announced its 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 $254.99 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. On average, analysts predict that Verint Systems will post $3.41 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on VRNT. Analysts at Imperial Capital raised their price target on shares of Verint Systems from $55.00 to $58.00 in a research note on Friday, June 6th. They now have an “outperform” rating on the stock. Separately, 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, June 5th. They now have a “buy” rating on the stock. Finally, analysts at Credit Suisse upgraded shares of Verint Systems from a “neutral” rating to an “outperform” rating in a research note on Thursday, June 5th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $55.07.
Verint Systems Inc (NASDAQ:VRNT) is engaged in Actionable Intelligence solutions and value-added services.
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