Analysts forecast that Verint Systems Inc. (NASDAQ:VRNT) will announce $282.85 million in sales for the current quarter, Zacks reports. Four analysts have made estimates for Verint Systems’ earnings, with the lowest sales estimate coming in at $282.00 million and the highest estimate coming in at $283.86 million. Verint Systems reported sales of $258.90 million during the same quarter last year, which would suggest a positive year over year growth rate of 9.3%. The firm is expected to issue its next quarterly earnings results after the market closes on Wednesday, December 6th.

According to Zacks, 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 fiscal year, analysts forecast that the firm will report 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 a mean average based on a survey of sell-side research firms that cover Verint Systems.

Verint Systems (NASDAQ:VRNT) last posted its earnings results on Wednesday, September 6th. The technology company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $278.20 million during the quarter, compared to analysts’ expectations of $270.14 million. During the same period in the prior year, the business earned $0.57 EPS. Verint Systems’s revenue for the quarter was up 5.3% compared to the same quarter last year.

A number of analysts recently issued reports on VRNT shares. Oppenheimer reissued a “buy” rating and set a $49.00 target price on shares of Verint Systems in a research note on Thursday, September 28th. Zacks Investment Research raised Verint Systems from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research report on Wednesday, September 13th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $48.00 price target on shares of Verint Systems in a research report on Tuesday, August 15th. Finally, Deutsche Bank upped their price target on Verint Systems from $42.00 to $44.00 and gave the stock a “hold” rating in a research report on Thursday, September 7th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Verint Systems currently has an average rating of “Buy” and a consensus price target of $46.43.

Verint Systems (VRNT) traded down $0.05 during midday trading on Friday, reaching $43.70. The company had a trading volume of 343,291 shares, compared to its average volume of 335,710. Verint Systems has a twelve month low of $33.40 and a twelve month high of $44.70. The company has a current ratio of 1.63, a quick ratio of 1.59 and a debt-to-equity ratio of 0.72. The company has a market cap of $2,788.40, a PE ratio of 27.17, a price-to-earnings-growth ratio of 2.42 and a beta of 1.26.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Verint Systems by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 5,160,308 shares of the technology company’s stock worth $210,024,000 after acquiring an additional 50,136 shares during the last quarter. Fisher Asset Management LLC boosted its position in Verint Systems by 2.0% during the 3rd quarter. Fisher Asset Management LLC now owns 2,169,121 shares of the technology company’s stock worth $90,778,000 after acquiring an additional 42,080 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in Verint Systems by 10.2% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,969,530 shares of the technology company’s stock worth $82,425,000 after acquiring an additional 181,583 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Verint Systems by 7.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,449,518 shares of the technology company’s stock valued at $60,663,000 after buying an additional 96,051 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Verint Systems by 5.5% in the 2nd quarter. State Street Corp now owns 1,258,532 shares of the technology company’s stock valued at $51,225,000 after buying an additional 65,509 shares during the last quarter. 93.40% of the stock is owned by hedge funds and other institutional investors.

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About Verint Systems

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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Earnings History and Estimates for Verint Systems (NASDAQ:VRNT)

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