Analysts Anticipate Verint Systems Inc. (VRNT) Will Post Quarterly Sales of $313.26 Million

Analysts expect Verint Systems Inc. (NASDAQ:VRNT) to report $313.26 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Verint Systems’ earnings, with the lowest sales estimate coming in at $312.00 million and the highest estimate coming in at $315.52 million. Verint Systems reported sales of $295.86 million during the same quarter last year, which suggests a positive year-over-year growth rate of 5.9%. The company is scheduled to announce its next quarterly earnings report 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 anticipate that the company will report sales of $1.22 billion per share, with estimates ranging from $1.22 billion to $1.23 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Verint Systems.

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

Several equities research analysts have issued reports on the stock. BidaskClub lowered shares of Verint Systems from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Zacks Investment Research lowered shares of Verint Systems from a “buy” rating to a “sell” rating in a report on Saturday, February 3rd. Finally, Oppenheimer reissued a “buy” rating and issued a $49.00 price target on shares of Verint Systems in a report on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Verint Systems has an average rating of “Hold” and an average price target of $47.50.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in shares of Verint Systems by 5.8% in the 2nd quarter. Principal Financial Group Inc. now owns 7,923 shares of the technology company’s stock worth $322,000 after purchasing an additional 431 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of Verint Systems by 27.0% in the 3rd quarter. Great West Life Assurance Co. Can now owns 7,070 shares of the technology company’s stock worth $298,000 after purchasing an additional 1,504 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Verint Systems by 38.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 5,870 shares of the technology company’s stock worth $246,000 after purchasing an additional 1,620 shares during the last quarter. Golden Gate Private Equity Inc. grew its holdings in shares of Verint Systems by 2.0% in the 3rd quarter. Golden Gate Private Equity Inc. now owns 88,100 shares of the technology company’s stock worth $3,687,000 after purchasing an additional 1,700 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Verint Systems by 11.5% in the 4th quarter. SG Americas Securities LLC now owns 18,567 shares of the technology company’s stock worth $777,000 after purchasing an additional 1,918 shares during the last quarter. 93.23% of the stock is currently owned by institutional investors and hedge funds.

Shares of Verint Systems (VRNT) opened at $38.95 on Thursday. The stock has a market cap of $2,490.00, a price-to-earnings ratio of -155.80, a price-to-earnings-growth ratio of 1.82 and a beta of 1.11. The company has a quick ratio of 1.63, a current ratio of 1.67 and a debt-to-equity ratio of 0.71. Verint Systems has a fifty-two week low of $35.90 and a fifty-two week high of $44.70.

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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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