Verint Systems (VRNT) Issues Earnings Results, Beats Estimates By $0.32 EPS
Verint Systems (NASDAQ:VRNT) posted its quarterly earnings results on Wednesday. The technology company reported $0.66 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.32, Bloomberg Earnings reports. Verint Systems had a positive return on equity of 9.90% and a negative net margin of 2.42%. The company had revenue of $280.70 million for the quarter, compared to analysts’ expectations of $282.01 million. During the same period in the previous year, the firm earned $0.59 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year. Verint Systems updated its FY18 guidance to $2.75 EPS.
Verint Systems (NASDAQ:VRNT) traded down $2.45 during midday trading on Thursday, hitting $40.10. The stock had a trading volume of 2,473,361 shares, compared to its average volume of 427,552. The company has a market cap of $2,737.41, a P/E ratio of 26.68, a P/E/G ratio of 2.38 and a beta of 1.26. The company has a current ratio of 1.63, a quick ratio of 1.59 and a debt-to-equity ratio of 0.72. Verint Systems has a 52-week low of $33.40 and a 52-week high of $44.70.
A number of analysts have issued reports on VRNT shares. Oppenheimer reaffirmed a “buy” rating and issued a $49.00 price objective on shares of Verint Systems in a research note on Thursday. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $48.00 price objective on shares of Verint Systems in a research note on Tuesday, August 15th. Deutsche Bank lifted their price objective on Verint Systems from $42.00 to $44.00 and gave the stock a “hold” rating in a research note on Thursday, September 7th. Finally, Zacks Investment Research raised Verint Systems from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research note on Wednesday, September 13th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Verint Systems has a consensus rating of “Buy” and a consensus target price of $46.43.
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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