Verint Systems Sees Significant Growth in Short Interest (VRNT)
Shares of Verint Systems (NASDAQ:VRNT) saw a significant growth in short interest in the month of June. As of June 13th, there was short interest totalling 1,319,606 shares, a growth of 34.1% from the May 30th total of 984,054 shares, Analyst Ratings News reports. Currently, 2.5% of the company’s shares are short sold. Based on an average daily volume of 989,607 shares, the short-interest ratio is presently 1.3 days.
In other Verint Systems news, Insider Elan Moriah sold 3,620 shares of the company’s stock on the open market in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $49.85, for a total transaction of $180,457.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on VRNT. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Verint Systems in a research note on Monday, June 23rd. They now have a $60.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Verint Systems in a research note on Monday, June 16th. They now have a $55.00 price target on the stock, down previously from $56.50. Finally, 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. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $57.21.
Verint Systems (NASDAQ:VRNT) opened at 49.97 on Thursday. 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 $47.7 and a 200-day moving average of $45.84. The company has a market cap of $2.700 billion and a P/E ratio of 29.80.
Verint Systems (NASDAQ:VRNT) last released its earnings data on Wednesday, June 4th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.44 earnings per share. The company’s quarterly revenue was up 25.3% on a year-over-year basis. Analysts expect that Verint Systems will post $3.39 EPS for the current fiscal year.
Verint Systems Inc (NASDAQ:VRNT) is engaged in Actionable Intelligence solutions and value-added services.
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