Verint Systems (VRNT) Downgraded by BidaskClub to “Sell”
BidaskClub downgraded shares of Verint Systems (NASDAQ:VRNT) from a hold rating to a sell rating in a report published on Tuesday morning.
VRNT has been the topic of several other research reports. Oppenheimer reiterated a buy rating and set a $49.00 price target on shares of Verint Systems in a research note on Thursday, September 28th. Zacks Investment Research cut shares of Verint Systems from a buy rating to a hold rating in a research note on Wednesday, November 8th. Deutsche Bank lifted their price target on shares of Verint Systems from $42.00 to $44.00 and gave the stock a hold rating in a research note on Thursday, September 7th. Finally, Royal Bank of Canada reiterated a buy rating and set a $48.00 price target on shares of Verint Systems in a research note on Tuesday, August 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. Verint Systems currently has an average rating of Hold and a consensus price target of $47.33.
Shares of Verint Systems (VRNT) traded up $1.25 during trading on Tuesday, hitting $41.30. 779,500 shares of the stock traded hands, compared to its average volume of 429,999. The stock has a market cap of $2,554.44, a PE ratio of 24.57, a PEG ratio of 2.20 and a beta of 1.26. Verint Systems has a 1-year low of $34.65 and a 1-year high of $44.70. 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 (NASDAQ:VRNT) last issued its quarterly earnings results on Wednesday, December 6th. The technology company reported $0.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.32. The business had revenue of $280.70 million for the quarter, compared to analysts’ expectations of $282.01 million. Verint Systems had a negative net margin of 1.41% and a positive return on equity of 9.90%. The company’s revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.59 EPS. equities research analysts expect that Verint Systems will post 1.82 EPS for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Verint Systems by 11.0% during the 2nd 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. Macquarie Group Ltd. purchased a new position in shares of Verint Systems during the 3rd quarter valued at $151,000. FNY Managed Accounts LLC purchased a new position in shares of Verint Systems during the 3rd quarter valued at $164,000. Tower Research Capital LLC TRC purchased a new position in shares of Verint Systems during the 2nd quarter valued at $179,000. Finally, Strs Ohio lifted its stake in shares of Verint Systems by 9.5% during the 2nd quarter. Strs Ohio now owns 4,600 shares of the technology company’s stock valued at $187,000 after buying an additional 400 shares in the last quarter. Institutional investors own 93.40% of the company’s stock.
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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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