Verint Systems (VRNT) Updates FY19 Earnings Guidance
Verint Systems (NASDAQ:VRNT) updated its FY19 earnings guidance on Thursday. The company provided earnings per share guidance of approx $3.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.16. The company issued revenue guidance of $1.23-1.25 billion, compared to the consensus revenue estimate of $1.24 billion.Verint Systems also updated its FY 2019 guidance to $3.15-3.15 EPS.
Several research firms have recently commented on VRNT. Zacks Investment Research lowered Verint Systems from a strong-buy rating to a hold rating in a report on Thursday, August 9th. Wedbush began coverage on Verint Systems in a report on Thursday, October 18th. They set an outperform rating and a $58.00 price target on the stock. Oppenheimer lifted their price target on Verint Systems from $49.00 to $58.00 and gave the stock an outperform rating in a report on Thursday, September 6th. JPMorgan Chase & Co. lifted their price target on Verint Systems from $50.00 to $55.00 and gave the stock a buy rating in a report on Thursday, August 30th. They noted that the move was a valuation call. Finally, TheStreet upgraded Verint Systems from a c rating to a b- rating in a report on Thursday, September 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. Verint Systems has an average rating of Buy and an average price target of $54.92.
Shares of NASDAQ:VRNT opened at $43.35 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.57 and a quick ratio of 1.53. The stock has a market cap of $2.81 billion, a P/E ratio of 24.49, a price-to-earnings-growth ratio of 1.95 and a beta of 1.09. Verint Systems has a 12-month low of $37.10 and a 12-month high of $52.45.
In related news, Director Richard N. Nottenburg sold 5,000 shares of the firm’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $48.75, for a total transaction of $243,750.00. Following the completion of the sale, the director now directly owns 27,310 shares of the company’s stock, valued at approximately $1,331,362.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Douglas Robinson sold 1,875 shares of the firm’s stock in a transaction dated Tuesday, September 25th. The stock was sold at an average price of $49.13, for a total value of $92,118.75. Following the sale, the chief financial officer now directly owns 176,067 shares of the company’s stock, valued at $8,650,171.71. The disclosure for this sale can be found here. Insiders have sold a total of 107,501 shares of company stock valued at $5,239,269 over the last three months. Corporate insiders own 1.40% of the company’s stock.
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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