Verint Systems (VRNT) Releases FY19 Earnings Guidance
Verint Systems (NASDAQ:VRNT) updated its FY19 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of ~$3.09 for the period, compared to the Thomson Reuters consensus estimate of $3.12. The company issued revenue guidance of $1.21-1.25 billion (+/- 2%), compared to the consensus revenue estimate of $1.23 billion.
A number of brokerages have commented on VRNT. BidaskClub upgraded shares of Verint Systems from a sell rating to a hold rating in a research note on Friday. Imperial Capital upgraded shares of Verint Systems from an in-line rating to an outperform rating and boosted their price target for the company from $47.00 to $49.50 in a research note on Thursday, May 31st. Finally, Royal Bank of Canada boosted their price target on shares of Verint Systems from $48.00 to $50.00 and gave the company a positive rating in a research note on Thursday, March 29th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $48.25.
Verint Systems opened at $44.05 on Friday, according to Marketbeat Ratings. The company has a current ratio of 1.55, a quick ratio of 1.51 and a debt-to-equity ratio of 0.68. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 24.89, a PEG ratio of 2.07 and a beta of 1.03. Verint Systems has a 1 year low of $37.05 and a 1 year high of $45.00.
Verint Systems Company Profile
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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