Verint Systems (VRNT) Issues FY18 Earnings Guidance

Verint Systems (NASDAQ:VRNT) updated its FY18 earnings guidance on Friday. The company provided EPS guidance of $2.75 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.75. The company issued revenue guidance of $1.13-1.15 billion, compared to the consensus revenue estimate of $1.14 billion.

A number of research analysts have weighed in on VRNT shares. BidaskClub upgraded Verint Systems from a hold rating to a buy rating in a report on Wednesday, December 27th. Zacks Investment Research upgraded Verint Systems from a hold rating to a buy rating and set a $47.00 price objective on the stock in a report on Saturday, December 23rd. Finally, Oppenheimer restated a buy rating and issued a $49.00 price objective on shares of Verint Systems in a report on Wednesday, December 20th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of Buy and an average target price of $47.50.

Shares of Verint Systems (VRNT) traded down $0.60 during mid-day trading on Friday, reaching $42.75. The company’s stock had a trading volume of 254,600 shares, compared to its average volume of 271,917. The company has a quick ratio of 1.63, a current ratio of 1.67 and a debt-to-equity ratio of 0.71. The stock has a market cap of $2,750.00, a price-to-earnings ratio of -171.00, a P/E/G ratio of 2.39 and a beta of 1.26. Verint Systems has a 12 month low of $35.90 and a 12 month high of $44.70.

Verint Systems (NASDAQ:VRNT) last announced its quarterly earnings data on Wednesday, December 6th. The technology company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.32. The company had revenue of $280.70 million for the quarter, compared to analyst estimates of $282.01 million. Verint Systems had a positive return on equity of 9.90% and a negative net margin of 1.41%. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.59 EPS. equities research analysts predict that Verint Systems will post 1.82 earnings per share for the current year.

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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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