Verint Systems (NASDAQ:VRNT) Releases FY 2021 After-Hours Earnings Guidance

Verint Systems (NASDAQ:VRNT) updated its FY 2021
After-Hours earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 4.00-4.00 for the period, compared to the Thomson Reuters consensus estimate of $4.02. The company issued revenue guidance of $1.426-1.485 billion, compared to the consensus revenue estimate of $1.49 billion.Verint Systems also updated its FY 2020
After-Hours guidance to 3.65-3.65 EPS.

A number of brokerages have issued reports on VRNT. ValuEngine downgraded shares of Verint Systems from a hold rating to a sell rating in a research report on Monday, November 11th. Zacks Investment Research downgraded shares of Verint Systems from a hold rating to a sell rating in a research report on Tuesday, November 26th. BidaskClub raised shares of Verint Systems from a sell rating to a hold rating in a research report on Thursday, November 7th. Jefferies Financial Group reduced their target price on shares of Verint Systems from $72.00 to $67.00 and set a buy rating on the stock in a research report on Thursday, September 5th. They noted that the move was a valuation call. Finally, TheStreet downgraded shares of Verint Systems from a b- rating to a c+ rating in a research report on Thursday, September 19th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $64.63.

Shares of NASDAQ:VRNT traded up $0.25 during midday trading on Wednesday, reaching $47.81. The company’s stock had a trading volume of 870,898 shares, compared to its average volume of 538,147. The firm has a 50 day moving average of $46.27 and a 200-day moving average of $51.20. The firm has a market capitalization of $3.25 billion, a P/E ratio of 20.61, a PEG ratio of 1.33 and a beta of 1.06. The company has a quick ratio of 1.46, a current ratio of 1.50 and a debt-to-equity ratio of 0.68. Verint Systems has a 12-month low of $39.96 and a 12-month high of $63.94.

Verint Systems (NASDAQ:VRNT) last released its earnings results on Wednesday, September 4th. The technology company reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.02. The firm had revenue of $331.00 million for the quarter, compared to the consensus estimate of $334.56 million. Verint Systems had a net margin of 4.58% and a return on equity of 13.44%. The company’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.76 EPS. On average, research analysts predict that Verint Systems will post 2.62 EPS for the current year.

Verint Systems Company Profile

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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