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.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings results on Thursday, December 6th. The technology company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.14. The firm had revenue of $307.99 million during the quarter, compared to the consensus estimate of $305.38 million. Verint Systems had a return on equity of 11.69% and a net margin of 3.29%. Verint Systems’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.66 earnings per share. On average, research analysts anticipate that Verint Systems will post 2.22 EPS for the current year.

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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