Analysts Expect Verint Systems Inc. (VRNT) Will Post Quarterly Sales of $316.21 Million

Equities research analysts predict that Verint Systems Inc. (NASDAQ:VRNT) will announce $316.21 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Verint Systems’ earnings, with the highest sales estimate coming in at $321.23 million and the lowest estimate coming in at $312.00 million. Verint Systems posted sales of $295.86 million in the same quarter last year, which would indicate a positive year over year growth rate of 6.9%. The business is scheduled to report its next quarterly earnings report on Tuesday, March 27th.

On average, analysts expect that Verint Systems will report full-year sales of $316.21 million for the current financial year, with estimates ranging from $1.13 billion to $1.15 billion. For the next year, analysts forecast that the business will post sales of $1.23 billion per share. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Verint Systems.

Verint Systems (NASDAQ:VRNT) last released its earnings results on Wednesday, December 6th. The technology company reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.32. Verint Systems had a negative net margin of 1.41% and a positive return on equity of 9.90%. The business had revenue of $280.70 million during the quarter, compared to analyst estimates of $282.01 million. During the same quarter in the prior year, the firm earned $0.59 earnings per share. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year.

A number of research firms have recently issued reports on VRNT. Oppenheimer reaffirmed a “buy” rating and set a $49.00 target price on shares of Verint Systems in a report on Thursday, December 7th. BidaskClub raised shares of Verint Systems from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. Zacks Investment Research raised shares of Verint Systems from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Saturday, December 23rd. Finally, Deutsche Bank upped their price objective on shares of Verint Systems from $42.00 to $44.00 and gave the company a “hold” rating in a report on Thursday, September 7th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $47.50.

A number of hedge funds and other institutional investors have recently bought and sold shares of VRNT. Schwab Charles Investment Management Inc. lifted its position in Verint Systems by 7.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 332,903 shares of the technology company’s stock valued at $13,550,000 after buying an additional 24,321 shares during the last quarter. Legal & General Group Plc lifted its position in Verint Systems by 3.7% in the second quarter. Legal & General Group Plc now owns 22,118 shares of the technology company’s stock valued at $898,000 after buying an additional 797 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in Verint Systems by 659.1% in the second quarter. BNP Paribas Arbitrage SA now owns 9,466 shares of the technology company’s stock valued at $385,000 after buying an additional 8,219 shares during the last quarter. Prudential Financial Inc. lifted its position in Verint Systems by 716.2% in the second quarter. Prudential Financial Inc. now owns 50,064 shares of the technology company’s stock valued at $2,038,000 after buying an additional 43,930 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position 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 buying an additional 263 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors.

Shares of Verint Systems (VRNT) opened at $42.50 on Friday. Verint Systems has a 1-year low of $35.90 and a 1-year high of $44.70. The stock has a market cap of $2,710.00, a price-to-earnings ratio of -170.00, a PEG ratio of 2.30 and a beta of 1.26. The company has a current ratio of 1.67, a quick ratio of 1.63 and a debt-to-equity ratio of 0.71.

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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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