Brokerages Expect Verint Systems Inc. (VRNT) Will Post Quarterly Sales of $282.85 Million
Equities analysts expect that Verint Systems Inc. (NASDAQ:VRNT) will report sales of $282.85 million for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Verint Systems’ earnings, with the highest sales estimate coming in at $283.86 million and the lowest estimate coming in at $282.00 million. Verint Systems posted sales of $258.90 million during the same quarter last year, which suggests a positive year over year growth rate of 9.3%. The business is scheduled to announce its next quarterly earnings report on Wednesday, December 6th.
On average, analysts expect that Verint Systems will report full year sales of $282.85 million for the current fiscal year, with estimates ranging from $1.14 billion to $1.15 billion. For the next financial year, analysts expect that the firm will post sales of $1.23 billion per share, with estimates ranging from $1.20 billion to $1.28 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Verint Systems.
Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings results on Wednesday, September 6th. The technology company reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.14. Verint Systems had a positive return on equity of 9.90% and a negative net margin of 2.42%. The company had revenue of $278.20 million for the quarter, compared to analyst estimates of $270.14 million. During the same quarter last year, the company posted $0.57 EPS. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year.
A number of equities research analysts recently issued reports on VRNT shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $48.00 price objective (up previously from $44.00) on shares of Verint Systems in a research report on Thursday, June 8th. Imperial Capital reiterated an “in-line” rating and issued a $47.00 price objective (up previously from $45.00) on shares of Verint Systems in a research report on Friday, June 9th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $50.00 price objective (up previously from $48.00) on shares of Verint Systems in a research report on Friday, June 9th. Zacks Investment Research downgraded Verint Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, Deutsche Bank AG increased their price objective on Verint Systems from $42.00 to $44.00 and gave the stock a “hold” rating in a research report on Thursday, September 7th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Verint Systems currently has a consensus rating of “Buy” and an average target price of $46.43.
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Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Verint Systems by 11.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,655 shares of the technology company’s stock valued at $108,000 after acquiring an additional 263 shares during the last quarter. Bank of Montreal Can increased its stake in Verint Systems by 43.1% in the first quarter. Bank of Montreal Can now owns 3,080 shares of the technology company’s stock valued at $134,000 after acquiring an additional 927 shares during the last quarter. Strs Ohio increased its stake in Verint Systems by 61.5% in the first quarter. Strs Ohio now owns 4,200 shares of the technology company’s stock valued at $182,000 after acquiring an additional 1,600 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in Verint Systems in the second quarter valued at $179,000. Finally, Crow Point Partners LLC bought a new position in Verint Systems in the second quarter valued at $187,000. 93.08% of the stock is currently owned by institutional investors and hedge funds.
Verint Systems (NASDAQ VRNT) opened at 43.30 on Thursday. The stock has a 50 day moving average price of $40.16 and a 200 day moving average price of $40.22. Verint Systems has a 52 week low of $33.40 and a 52 week high of $44.70. The company’s market cap is $2.76 billion.
Verint Systems Company Profile
Verint Systems Inc offers Actionable Intelligence solutions. The Company delivers its Actionable Intelligence solutions through two operating segments: Customer Engagement Solutions and Cyber Intelligence Solutions. It is a provider of customer engagement software and services that can be deployed on-premises or in the cloud.
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