Verint Systems Given “Outperform” Rating at Oppenheimer (VRNT)
Verint Systems (NASDAQ:VRNT)‘s stock had its “outperform” rating reissued by equities research analysts at Oppenheimer in a research note issued to investors on Friday. They currently have a $60.00 price target on the stock, up from their previous price target of $56.00. Oppenheimer’s target price would indicate a potential upside of 17.42% from the company’s current price.
Shares of Verint Systems (NASDAQ:VRNT) traded up 6.34% during mid-day trading on Friday, hitting $54.34. The stock had a trading volume of 605,024 shares. Verint Systems has a 52 week low of $35.24 and a 52 week high of $53.19. The stock’s 50-day moving average is $48.65 and its 200-day moving average is $47.09. The company has a market cap of $2.936 billion and a price-to-earnings ratio of 30.76.
Verint Systems (NASDAQ:VRNT) last announced its earnings results on Thursday, September 4th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.12. The company had revenue of $276.80 million for the quarter. During the same quarter in the previous year, the company posted $0.70 earnings per share. The company’s revenue for the quarter was up 27.8% on a year-over-year basis.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Verint Systems from $57.00 to $60.00 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Verint Systems in a research note on Friday. They now have a $59.00 price target on the stock, up previously from $57.00. Finally, analysts at FBR Capital Markets raised their price target on shares of Verint Systems from $60.00 to $64.00 in a research note on Friday. They now have an “outperform” rating on the stock. Nine analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus price target of $59.75.
Verint Systems Inc (NASDAQ:VRNT) is engaged in Actionable Intelligence solutions and value-added services.
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