Equities research analysts predict that Verint Systems Inc. (NASDAQ:VRNT) will post sales of $302.36 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Verint Systems’ earnings, with estimates ranging from $299.72 million to $305.00 million. Verint Systems posted sales of $283.76 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.6%. The business is expected to issue its next earnings results on Wednesday, December 5th.

On average, analysts expect that Verint Systems will report full year sales of $1.23 billion for the current year, with estimates ranging from $1.23 billion to $1.24 billion. For the next fiscal year, analysts expect that the company will post sales of $1.32 billion, with estimates ranging from $1.31 billion to $1.32 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Verint Systems.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings data on Wednesday, September 5th. The technology company reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.14. The business had revenue of $306.30 million during the quarter, compared to analysts’ expectations of $295.84 million. Verint Systems had a net margin of 3.29% and a return on equity of 11.69%. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 EPS.

Several equities research analysts have recently issued reports on VRNT shares. TheStreet raised shares of Verint Systems from a “c” rating to a “b-” rating in a research report on Thursday, September 13th. BidaskClub raised shares of Verint Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, July 11th. ValuEngine raised shares of Verint Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, July 10th. Zacks Investment Research raised shares of Verint Systems from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Thursday, June 14th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of 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 investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $54.30.

Shares of Verint Systems stock traded up $0.10 during trading on Thursday, hitting $49.50. 414,100 shares of the stock were exchanged, compared to its average volume of 345,442. The stock has a market cap of $3.14 billion, a P/E ratio of 27.97, a price-to-earnings-growth ratio of 2.17 and a beta of 1.08. Verint Systems has a 12-month low of $37.10 and a 12-month high of $52.45. The company has a current ratio of 1.57, a quick ratio of 1.53 and a debt-to-equity ratio of 0.65.

In related news, CEO Dan Bodner sold 61,298 shares of the business’s stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $48.66, for a total value of $2,982,760.68. Following the completion of the sale, the chief executive officer now directly owns 663,615 shares of the company’s stock, valued at $32,291,505.90. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Peter Fante sold 6,603 shares of the business’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $49.65, for a total transaction of $327,838.95. Following the completion of the sale, the insider now directly owns 135,552 shares of the company’s stock, valued at $6,730,156.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 107,501 shares of company stock valued at $5,239,269. 1.40% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in VRNT. Copper Rock Capital Partners LLC purchased a new stake in Verint Systems in the second quarter valued at $22,104,000. Millennium Management LLC lifted its position in Verint Systems by 102.3% in the first quarter. Millennium Management LLC now owns 867,737 shares of the technology company’s stock valued at $36,966,000 after acquiring an additional 438,832 shares during the last quarter. Glenmede Trust Co. NA increased its stake in Verint Systems by 39.4% in the second quarter. Glenmede Trust Co. NA now owns 1,178,162 shares of the technology company’s stock valued at $52,252,000 after purchasing an additional 333,068 shares during the period. Rice Hall James & Associates LLC acquired a new position in Verint Systems in the second quarter valued at $10,182,000. Finally, Victory Capital Management Inc. increased its stake in Verint Systems by 14.4% in the second quarter. Victory Capital Management Inc. now owns 1,194,545 shares of the technology company’s stock valued at $52,978,000 after purchasing an additional 150,409 shares during the period. 94.68% of the stock is owned by hedge funds and other institutional investors.

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.

See Also: Tariff

Get a free copy of the Zacks research report on Verint Systems (VRNT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Verint Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verint Systems and related companies with MarketBeat.com's FREE daily email newsletter.