Verint Systems (VRNT) Releases FY19 Earnings Guidance
Verint Systems (NASDAQ:VRNT) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of ~$3.03 for the period, compared to the Thomson Reuters consensus estimate of $3.01. The company issued revenue guidance of $1.225 billion +/- 2%, compared to the consensus revenue estimate of $1.21 billion.
Several equities research analysts recently commented on the company. Oppenheimer reiterated a buy rating and set a $49.00 target price on shares of Verint Systems in a report on Thursday, September 28th. BidaskClub downgraded Verint Systems from a hold rating to a sell rating in a report on Tuesday, December 12th. Zacks Investment Research upgraded Verint Systems from a hold rating to a buy rating and set a $46.00 price objective on the stock in a report on Wednesday, September 13th. Finally, Deutsche Bank lifted their price objective on Verint Systems from $42.00 to $44.00 and gave the stock a hold rating in a report on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $47.33.
Shares of Verint Systems (NASDAQ:VRNT) remained flat at $$41.40 during midday trading on Tuesday. 425,000 shares of the company traded hands, compared to its average volume of 433,509. Verint Systems has a 12-month low of $34.65 and a 12-month high of $44.70. 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 firm has a market capitalization of $2,669.24, a P/E ratio of 25.67, a P/E/G ratio of 2.30 and a beta of 1.26.
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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