Verint Systems (VRNT) Issues FY 2020 Earnings Guidance
Verint Systems (NASDAQ:VRNT) issued an update on its FY 2020 earnings guidance on Thursday morning. The company provided EPS guidance of $3.50-3.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.49. The company issued revenue guidance of $1.298-1.351 billion, compared to the consensus revenue estimate of $1.31 billion.Verint Systems also updated its FY 2019 guidance to $3.15-3.15 EPS.
Shares of VRNT stock opened at $45.02 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.53 and a debt-to-equity ratio of 0.65. Verint Systems has a 52-week low of $37.10 and a 52-week high of $52.45. The firm has a market capitalization of $2.97 billion, a P/E ratio of 20.46, a price-to-earnings-growth ratio of 2.06 and a beta of 1.09.
Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings data on Thursday, December 6th. The technology company reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.14. Verint Systems had a return on equity of 12.61% and a net margin of 4.58%. The company had revenue of $307.99 million for the quarter, compared to the consensus estimate of $305.38 million. During the same quarter last year, the business posted $0.66 earnings per share. The firm’s revenue was up 8.5% compared to the same quarter last year. On average, analysts predict that Verint Systems will post 2.22 EPS for the current year.
In related news, insider Peter Fante sold 6,603 shares of the stock in a transaction on Monday, September 10th. The stock was sold at an average price of $49.65, for a total value of $327,838.95. Following the transaction, the insider now owns 135,552 shares of the company’s stock, valued at $6,730,156.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Douglas Robinson sold 1,875 shares of the stock in a transaction on Tuesday, September 25th. The shares were sold at an average price of $49.13, for a total value of $92,118.75. Following the completion of the transaction, the chief financial officer now directly owns 176,067 shares in the company, valued at approximately $8,650,171.71. The disclosure for this sale can be found here. In the last three months, insiders sold 107,501 shares of company stock worth $5,239,269. 1.40% of the stock is owned by insiders.
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About Verint Systems
Verint Systems Inc provides actionable intelligence solutions and value-added services worldwide. Its Customer Engagement Solutions segment provides automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, digital feedback, email engagement, employee desktop, enterprise feedback, financial compliance, full-time recording, gamification, identity analytics, internal communities, knowledge management, mobile workforce, performance management, robotic process automation, social analytics, speech and text analytics, virtual assistant, voice self-service, voice self-service fraud detection, Web/mobile self-service, work manager, and workforce management solutions.
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