Verint Systems (VRNT) Releases Quarterly Earnings Results
Verint Systems (NASDAQ:VRNT) announced its earnings results on Thursday. The company reported $0.72 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.60 by $0.12, Analyst Ratings News reports. The company had revenue of $276.80 million for the quarter, compared to the consensus estimate of $270.88 million. During the same quarter last year, the company posted $0.70 earnings per share. Verint Systems’s revenue was up 27.8% compared to the same quarter last year. Verint Systems updated its FY15 guidance to $3.35-3.50 EPS.
Shares of Verint Systems (NASDAQ:VRNT) traded up 0.73% on Thursday, hitting $51.10. The stock had a trading volume of 541,808 shares. Verint Systems has a 1-year low of $35.24 and a 1-year high of $53.19. The stock has a 50-day moving average of $48.5 and a 200-day moving average of $47.07. The company has a market cap of $2.761 billion and a price-to-earnings ratio of 30.54.
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 the ratings front, 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 research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus price target of $58.50.
Verint Systems Inc (NASDAQ:VRNT) is engaged in Actionable Intelligence solutions and value-added services.
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