$313.26 Million in Sales Expected for Verint Systems Inc. (VRNT) This Quarter

Brokerages predict that Verint Systems Inc. (NASDAQ:VRNT) will announce sales of $313.26 million for the current quarter, Zacks reports. Three analysts have issued estimates for Verint Systems’ earnings, with the highest sales estimate coming in at $315.52 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 5.9%. The business is expected to report its next quarterly earnings results on Tuesday, March 27th.

On average, analysts expect that Verint Systems will report full year sales of $313.26 million for the current fiscal year. For the next fiscal year, analysts forecast that the firm will report sales of $1.22 billion per share, with estimates ranging from $1.22 billion to $1.23 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Verint Systems.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings results on Wednesday, December 6th. The technology company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.32. The business had revenue of $280.70 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.59 earnings per share.

Several equities analysts recently issued reports on VRNT shares. Oppenheimer reiterated a “buy” rating and issued a $49.00 price target on shares of Verint Systems in a report on Thursday, September 28th. Zacks Investment Research cut Verint Systems from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Finally, BidaskClub cut Verint Systems from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $47.50.

Large investors have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. lifted its stake in Verint Systems by 37.2% in the third quarter. Ameriprise Financial Inc. now owns 887,367 shares of the technology company’s stock valued at $37,137,000 after buying an additional 240,366 shares during the period. Prudential Financial Inc. lifted its stake in Verint Systems by 409.7% in the third quarter. Prudential Financial Inc. now owns 255,164 shares of the technology company’s stock valued at $10,679,000 after buying an additional 205,100 shares during the period. AHL Partners LLP lifted its stake in Verint Systems by 118.9% in the second quarter. AHL Partners LLP now owns 99,139 shares of the technology company’s stock valued at $4,035,000 after buying an additional 53,851 shares during the period. Vanguard Group Inc. lifted its stake in Verint Systems by 1.0% in the second quarter. Vanguard Group Inc. now owns 5,160,308 shares of the technology company’s stock valued at $210,024,000 after buying an additional 50,136 shares during the period. Finally, Teachers Advisors LLC lifted its stake in Verint Systems by 5.3% in the second quarter. Teachers Advisors LLC now owns 508,241 shares of the technology company’s stock valued at $20,685,000 after buying an additional 25,561 shares during the period. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Verint Systems (NASDAQ:VRNT) opened at $43.25 on Monday. The stock has a market capitalization of $2,760.00, a PE ratio of -173.00, a P/E/G ratio of 2.38 and a beta of 1.26. Verint Systems has a 1-year low of $35.90 and a 1-year high of $44.70. The company has a quick ratio of 1.63, a current ratio of 1.67 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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