Equities Analysts Offer Predictions for Verint Systems Inc.’s Q1 2020 Earnings (NASDAQ:VRNT)

Verint Systems Inc. (NASDAQ:VRNT) – Equities research analysts at Wedbush lifted their Q1 2020 earnings estimates for Verint Systems in a research note issued on Tuesday, May 21st, according to Zacks Investment Research. Wedbush analyst D. Ives now forecasts that the technology company will earn $0.42 per share for the quarter, up from their previous forecast of $0.39. Wedbush currently has a “Outperform” rating and a $70.00 target price on the stock.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings results on Wednesday, May 29th. The technology company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.10. Verint Systems had a net margin of 5.56% and a return on equity of 13.60%. The business had revenue of $324.16 million for the quarter, compared to analyst estimates of $317.97 million. During the same period last year, the firm earned $0.53 earnings per share. Verint Systems’s revenue for the quarter was up 11.0% compared to the same quarter last year.

A number of other equities analysts have also commented on VRNT. Zacks Investment Research lowered shares of Verint Systems from a “strong-buy” rating to a “hold” rating in a research report on Saturday, February 16th. TheStreet raised shares of Verint Systems from a “c+” rating to a “b+” rating in a report on Tuesday, February 19th. BidaskClub lowered shares of Verint Systems from a “buy” rating to a “hold” rating in a report on Wednesday, March 20th. Jefferies Financial Group raised their target price on shares of Verint Systems from $53.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Finally, JPMorgan Chase & Co. set a $63.00 target price on shares of Verint Systems and gave the company an “overweight” rating in a report on Thursday, March 28th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Verint Systems has a consensus rating of “Buy” and an average target price of $65.57.

NASDAQ:VRNT traded down $0.54 during mid-day trading on Thursday, reaching $56.01. 415,020 shares of the company’s stock were exchanged, compared to its average volume of 554,172. Verint Systems has a one year low of $39.96 and a one year high of $63.94. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of 24.14, a P/E/G ratio of 1.74 and a beta of 1.15. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.45 and a current ratio of 1.50.

In other news, CFO Douglas Robinson sold 8,252 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $62.46, for a total value of $515,419.92. Following the sale, the chief financial officer now directly owns 169,078 shares in the company, valued at approximately $10,560,611.88. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Elan Moriah sold 5,514 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $63.20, for a total transaction of $348,484.80. Following the completion of the sale, the insider now owns 82,108 shares in the company, valued at $5,189,225.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 125,917 shares of company stock worth $7,785,292. Insiders own 1.40% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of VRNT. Marshall Wace North America L.P. acquired a new stake in Verint Systems during the 1st quarter worth approximately $6,631,000. Marshall Wace LLP acquired a new stake in Verint Systems during the 1st quarter worth approximately $8,982,000. Adalta Capital Management LLC acquired a new stake in Verint Systems during the 1st quarter worth approximately $278,000. BlueCrest Capital Management Ltd acquired a new stake in Verint Systems during the 1st quarter worth approximately $544,000. Finally, Metropolitan Life Insurance Co NY boosted its position in Verint Systems by 6.8% during the 1st quarter. Metropolitan Life Insurance Co NY now owns 21,946 shares of the technology company’s stock worth $406,000 after buying an additional 1,406 shares during the period. Institutional investors own 95.61% of the company’s stock.

About Verint Systems

Verint Systems Inc provides actionable intelligence solutions worldwide. The company's Customer Engagement Solutions segment offers automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, and digital feedback solutions.

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Earnings History and Estimates for Verint Systems (NASDAQ:VRNT)

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