Verint Systems Inc. (VRNT) Releases FY15 Earnings Guidance
Verint Systems Inc. (NASDAQ:VRNT) issued an update on its FY15 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $3.35-3.50 for the period, compared to the Thomson Reuters consensus estimate of $3.38, American Banking News reports. The company issued revenue guidance of $1.125-1.175 billion, compared to the consensus revenue estimate of $1.13 billion.
Shares of Verint Systems Inc. (NASDAQ:VRNT) traded up 0.73% on Thursday, hitting $51.10. 541,808 shares of the company’s stock traded hands. Verint Systems Inc. has a 52 week low of $35.24 and a 52 week high of $53.19. The stock’s 50-day moving average is $48.5 and its 200-day moving average is $47.07. The company has a market cap of $2.761 billion and a P/E ratio of 30.54.
Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings data on Thursday, September 4th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.60 by $0.12. The company had revenue of $276.80 million for the quarter, compared to the consensus estimate of $270.88 million. During the same quarter in the prior year, the company posted $0.70 earnings per share. The company’s quarterly revenue was up 27.8% on a year-over-year basis. On average, analysts predict that Verint Systems Inc. will post $3.39 earnings per share for the current fiscal year.
VRNT has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. reiterated an overweight rating on shares of Verint Systems in a research note on Wednesday. They now have a $57.00 price target on the stock, up previously from $55.00. On a related note, 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. Eight analysts have rated the stock with a buy rating, Verint Systems presently has a consensus rating of Buy and an average price target of $58.50.
Verint Systems Inc (NASDAQ:VRNT) is engaged in Actionable Intelligence solutions and value-added services.
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