Verint Systems Inc. (NASDAQ:VRNT) Expected to Post Quarterly Sales of $270.26 Million
Analysts expect Verint Systems Inc. (NASDAQ:VRNT) to report $270.26 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Verint Systems’ earnings, with estimates ranging from $270.00 million to $271.05 million. Verint Systems posted sales of $261.92 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.2%. The business is scheduled to report its next quarterly earnings results on Wednesday, September 6th.
On average, analysts expect that Verint Systems will report full year sales of $270.26 million for the current year. For the next year, analysts anticipate that the company will post sales of $1.23 billion per share, with estimates ranging from $1.20 billion to $1.28 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Verint Systems.
Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings data on Wednesday, June 7th. The technology company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.11. Verint Systems had a negative net margin of 2.94% and a positive return on equity of 9.76%. The firm had revenue of $265.70 million for the quarter, compared to analyst estimates of $259.97 million. During the same quarter in the previous year, the business posted $0.46 EPS. The firm’s revenue was up 6.7% compared to the same quarter last year.
Several analysts have issued reports on VRNT shares. Zacks Investment Research upgraded shares of Verint Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, May 30th. Royal Bank Of Canada restated an “outperform” rating and issued a $48.00 price target (up from $44.00) on shares of Verint Systems in a research report on Thursday, June 8th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $50.00 price target (up from $48.00) on shares of Verint Systems in a research report on Friday, June 9th. Finally, Imperial Capital restated an “in-line” rating and issued a $47.00 price target (up from $45.00) on shares of Verint Systems in a research report on Friday, June 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. Verint Systems presently has an average rating of “Hold” and a consensus price target of $44.38.
Shares of Verint Systems (NASDAQ VRNT) traded down 0.26% during trading on Friday, reaching $38.00. 637,429 shares of the company’s stock were exchanged. The company has a 50 day moving average of $39.66 and a 200 day moving average of $39.65. Verint Systems has a 52-week low of $33.40 and a 52-week high of $44.70. The firm’s market capitalization is $2.38 billion.
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In related news, CFO Douglas Robinson sold 2,635 shares of Verint Systems stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $40.86, for a total transaction of $107,666.10. Following the completion of the transaction, the chief financial officer now directly owns 159,818 shares of the company’s stock, valued at approximately $6,530,163.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard N. Nottenburg sold 3,846 shares of Verint Systems stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $40.95, for a total transaction of $157,493.70. Following the transaction, the director now directly owns 18,178 shares of the company’s stock, valued at $744,389.10. The disclosure for this sale can be found here. Insiders have sold a total of 9,584 shares of company stock valued at $393,624 over the last ninety days. 1.30% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Verint Systems by 11.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,655 shares of the technology company’s stock valued at $108,000 after buying an additional 263 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its position in shares of Verint Systems by 27.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,669 shares of the technology company’s stock valued at $116,000 after buying an additional 576 shares in the last quarter. Bank of Montreal Can increased its position in shares of Verint Systems by 43.1% in the first quarter. Bank of Montreal Can now owns 3,080 shares of the technology company’s stock valued at $134,000 after buying an additional 927 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Verint Systems during the fourth quarter valued at about $148,000. Finally, Strs Ohio increased its position in shares of Verint Systems by 61.5% in the first quarter. Strs Ohio now owns 4,200 shares of the technology company’s stock valued at $182,000 after buying an additional 1,600 shares in the last quarter. 97.18% of the stock is owned by hedge funds and other institutional investors.
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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