Brokerages expect Verint Systems Inc. (NASDAQ:VRNT) to report $313.26 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Verint Systems’ earnings. The highest sales estimate is $315.52 million and the lowest is $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 firm is scheduled to issue its next quarterly earnings report on Tuesday, March 27th.

According to Zacks, analysts expect that Verint Systems will report full-year sales of $313.26 million for the current 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 sell-side research analysts that follow Verint Systems.

Verint Systems (NASDAQ:VRNT) last posted its earnings results on Wednesday, December 6th. The technology company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.32. The firm had revenue of $280.70 million during 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%. Verint Systems’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.59 EPS.

A number of research firms have issued reports on VRNT. BidaskClub lowered shares of Verint Systems from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Oppenheimer reissued a “buy” rating and set a $49.00 target price on shares of Verint Systems in a research note on Thursday, December 7th. Finally, Zacks Investment Research raised shares of Verint Systems from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research note on Saturday, December 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Verint Systems has an average rating of “Hold” and an average price target of $47.50.

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

Several large investors have recently modified their holdings of VRNT. Principal Financial Group Inc. lifted its stake 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 acquiring an additional 431 shares during the period. Nationwide Fund Advisors lifted its stake in shares of Verint Systems by 5.5% in the 2nd quarter. Nationwide Fund Advisors now owns 37,967 shares of the technology company’s stock worth $1,545,000 after acquiring an additional 1,977 shares during the period. Northern Trust Corp lifted its stake in shares of Verint Systems by 2.7% in the 2nd quarter. Northern Trust Corp now owns 871,218 shares of the technology company’s stock worth $35,460,000 after acquiring an additional 22,875 shares during the period. Vanguard Group Inc. lifted its stake in shares of Verint Systems by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 5,160,308 shares of the technology company’s stock worth $210,024,000 after acquiring an additional 50,136 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its stake in shares of Verint Systems by 10.5% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 83,696 shares of the technology company’s stock worth $3,406,000 after acquiring an additional 7,929 shares during the period. 93.23% of the stock is owned by institutional investors.

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About Verint Systems

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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