Verint Systems (VRNT) Releases FY20 Earnings Guidance
Verint Systems (NASDAQ:VRNT) updated its FY20 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of approx $3.50 for the period, compared to the Thomson Reuters consensus estimate of $3.45. The company issued revenue guidance of $1.30-1.35 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.
Several brokerages have recently weighed in on VRNT. Wedbush reaffirmed a buy rating and issued a $58.00 target price on shares of Verint Systems in a research report on Thursday. TheStreet raised Verint Systems from a c rating to a b- rating in a research report on Thursday, September 13th. ValuEngine downgraded Verint Systems from a buy rating to a hold rating in a research report on Wednesday, September 12th. Oppenheimer upped their target price on Verint Systems from $49.00 to $58.00 and gave the stock an outperform rating in a research report on Thursday, September 6th. Finally, JPMorgan Chase & Co. upped their target price on Verint Systems from $50.00 to $55.00 and gave the stock a buy rating in a research report on Thursday, August 30th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. Verint Systems currently has a consensus rating of Buy and a consensus price target of $54.92.
Shares of VRNT opened at $45.83 on Friday. The stock has a market capitalization of $2.81 billion, a P/E ratio of 25.89, a price-to-earnings-growth ratio of 1.95 and a beta of 1.09. Verint Systems has a one year low of $37.10 and a one year high of $52.45. The company has a quick ratio of 1.53, a current ratio of 1.57 and a debt-to-equity ratio of 0.65.
In related news, Director Richard N. Nottenburg sold 5,000 shares of the stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $48.75, for a total value of $243,750.00. Following the completion of the transaction, the director now owns 27,310 shares of the company’s stock, valued at $1,331,362.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Peter Fante sold 6,603 shares of the stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $49.65, for a total value of $327,838.95. Following the completion of the transaction, the insider now directly owns 135,552 shares of the company’s stock, valued at approximately $6,730,156.80. The disclosure for this sale can be found here. Insiders sold 107,501 shares of company stock valued at $5,239,269 in the last three months. 1.40% of the stock is currently owned by company insiders.
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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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