Verint Systems’s “Outperform” Rating Reaffirmed at Credit Suisse (VRNT)
Verint Systems (NASDAQ:VRNT)‘s stock had its “outperform” rating reiterated by analysts at Credit Suisse in a research report issued to clients and investors on Friday. They currently have a $59.00 price target on the stock, up from their previous price target of $57.00. Credit Suisse’s price objective points to a potential upside of 15.46% from the company’s current price.
The analysts wrote, “F2Q15 non-GAAP revenue of $284.7M (+27.8% yr/yr) was well above Street of $270.9M (+21.6%) driven by Enterprise Intelligence revs of $168.5M (+33.7% yr/yr) and Security Intelligence revs of $116.2M (+20.1% yr/yr); EPS of $0.72 was also well above Street of $0.60. Mgmt. raised F2015 revenue guidance by $15M to $1.125-$1.175B (+23.6-29.1% yr/yr) from $1.110-$1.160B (+22.0-27.5% yr/yr) vs Street of $1.137B (+25.0%). F2015 EPS guide was also increased to $3.35-$3.50 from $3.26-$3.46, vs Street of $3.39 despite the ~$0.05 dilution from its recent equity offering. We increase our F2015 / F2016 EPS to $3.45 / $3.75 from $3.39 / $3.66 and raise TP to $59 (from $57).”
Shares of Verint Systems (NASDAQ:VRNT) traded up 6.61% on Friday, hitting $54.48. The stock had a trading volume of 748,036 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 $2.944 billion and a price-to-earnings ratio of 30.76.
Verint Systems (NASDAQ:VRNT) last released its earnings data on Thursday, September 4th. The company reported $0.72 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.60 by $0.12. The company had revenue of $276.80 million for the quarter. 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.
A number of other firms have also recently commented on VRNT. 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. Separately, 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. Finally, 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. Nine investment analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus target price of $59.75.
Verint Systems Inc (NASDAQ:VRNT) is engaged in Actionable Intelligence solutions and value-added services.
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