Verint Systems (NASDAQ:VRNT) Issues Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Verint Systems (NASDAQ:VRNT) posted its quarterly earnings results on Wednesday. The technology company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.04), Briefing.com reports. Verint Systems had a net margin of 5.52% and a return on equity of 16.56%. The firm had revenue of $210.17 million during the quarter, compared to analyst estimates of $212.81 million. During the same period last year, the company earned $0.22 EPS. The company’s revenue was up .0% on a year-over-year basis. Verint Systems updated its FY25 guidance to $2.90 EPS and its FY 2025 guidance to 2.900-2.900 EPS.

Verint Systems Price Performance

VRNT stock traded down $3.31 during trading on Thursday, hitting $26.56. 1,389,837 shares of the stock traded hands, compared to its average volume of 624,865. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 55.33, a P/E/G ratio of 1.32 and a beta of 1.26. Verint Systems has a one year low of $18.41 and a one year high of $38.17. The company has a current ratio of 1.34, a quick ratio of 1.30 and a debt-to-equity ratio of 0.50. The company has a 50 day simple moving average of $32.70 and a 200 day simple moving average of $32.03.

Wall Street Analyst Weigh In

A number of brokerages recently commented on VRNT. Evercore ISI cut their target price on Verint Systems from $34.00 to $30.00 and set an “in-line” rating for the company in a research note on Thursday. StockNews.com upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a research note on Thursday. Needham & Company LLC reiterated a “buy” rating and set a $40.00 target price on shares of Verint Systems in a research report on Thursday. Jefferies Financial Group lowered their target price on shares of Verint Systems from $32.00 to $28.00 and set a “hold” rating on the stock in a research note on Thursday. Finally, Royal Bank of Canada restated an “outperform” rating and set a $36.00 price target on shares of Verint Systems in a research note on Wednesday, June 5th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $34.83.

Insiders Place Their Bets

In other news, Director William Kurtz sold 2,110 shares of Verint Systems stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $36.54, for a total value of $77,099.40. Following the completion of the transaction, the director now owns 20,193 shares in the company, valued at $737,852.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Dan Bodner sold 375,000 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $33.76, for a total transaction of $12,660,000.00. Following the transaction, the chief executive officer now owns 609,764 shares in the company, valued at approximately $20,585,632.64. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William Kurtz sold 2,110 shares of the stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $36.54, for a total transaction of $77,099.40. Following the sale, the director now directly owns 20,193 shares in the company, valued at approximately $737,852.22. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 381,527 shares of company stock valued at $12,898,762. 1.70% of the stock is currently owned by insiders.

Verint Systems Company Profile

Verint Systems Inc provides customer engagement solutions worldwide. It offers forecasting and scheduling, channels and routing, knowledge management, fraud and security solutions, quality and compliance, analytics and insights, real-time assistance, self-services, financial compliance, and voice pf the consumer solutions.