Zacks: Analysts Expect Verint Systems (VRNT) Will Announce Quarterly Sales of $282.27 Million

Brokerages expect Verint Systems (NASDAQ:VRNT) to post sales of $282.27 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Verint Systems’ earnings. The highest sales estimate is $282.54 million and the lowest is $282.00 million. Verint Systems posted sales of $265.73 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.2%. The business is scheduled to issue its next quarterly earnings report on Wednesday, June 6th.

According to Zacks, analysts expect that Verint Systems will report full-year sales of $1.23 billion for the current financial year. For the next financial year, analysts expect that the company will report sales of $1.31 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.

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Verint Systems (NASDAQ:VRNT) last released its quarterly earnings results on Wednesday, March 28th. The technology company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.05. The firm had revenue of $318.73 million during the quarter, compared to analyst estimates of $313.98 million. Verint Systems had a negative net margin of 0.58% and a positive return on equity of 10.57%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.90 EPS.

VRNT has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Verint Systems from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Saturday, December 23rd. Oppenheimer reiterated a “buy” rating and issued a $49.00 target price on shares of Verint Systems in a research report on Wednesday, December 20th. BidaskClub upgraded shares of Verint Systems from a “sell” rating to a “hold” rating in a research report on Thursday, December 21st. Finally, Royal Bank of Canada upped their target price on shares of Verint Systems from $48.00 to $50.00 and gave the stock a “positive” rating in a research report on Thursday, March 29th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $47.83.

Large investors have recently made changes to their positions in the stock. Legal & General Group Plc grew its position in Verint Systems by 20.9% in the third quarter. Legal & General Group Plc now owns 26,745 shares of the technology company’s stock worth $1,123,000 after acquiring an additional 4,627 shares in the last quarter. First Trust Advisors LP boosted its position in Verint Systems by 3.8% during the fourth quarter. First Trust Advisors LP now owns 238,122 shares of the technology company’s stock valued at $9,965,000 after buying an additional 8,819 shares during the period. American Capital Management Inc. boosted its position in Verint Systems by 23.7% during the fourth quarter. American Capital Management Inc. now owns 1,431,899 shares of the technology company’s stock valued at $59,925,000 after buying an additional 274,094 shares during the period. Bray Capital Advisors purchased a new stake in Verint Systems during the fourth quarter valued at about $240,000. Finally, Teacher Retirement System of Texas boosted its position in Verint Systems by 316.7% during the fourth quarter. Teacher Retirement System of Texas now owns 21,545 shares of the technology company’s stock valued at $902,000 after buying an additional 16,374 shares during the period. Institutional investors own 95.39% of the company’s stock.

VRNT opened at $41.80 on Tuesday. The firm has a market cap of $2,604.51, a PE ratio of 23.62, a PEG ratio of 1.91 and a beta of 1.01. The company has a quick ratio of 1.51, a current ratio of 1.55 and a debt-to-equity ratio of 0.68. Verint Systems has a one year low of $37.05 and a one year high of $44.55.

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Verint Systems Company Profile

Verint Systems Inc provides actionable intelligence solutions and value-added services worldwide. Its Customer Engagement Solutions segment provides voice of the customer solutions, including interaction analytics, enterprise feedback, and digital feedback; workforce optimization solutions, such as intelligent recording, analytics-driven quality, coaching/learning, workforce management, work allocation, desktop and process analytics, robotic process automation, and performance management; employee engagement solutions comprising workforce optimization, knowledge management, employee desktop, case management, internal communities, gamification, mobile workforce apps, and voice of the employee; engagement channel solutions consisting of Web/mobile self-service, voice self-service, customer communities, email/secure messaging, Web chat, co-browse, mobile messaging, and social engagement; and security, fraud, and compliance solutions, including compliance recording, fraud and identity analytics, trading compliance, branch surveillance and investigation, and public safety compliance.

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