Verint Systems (NASDAQ:VRNT) Posts Earnings Results, Beats Expectations By $0.35 EPS

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Verint Systems (NASDAQ:VRNT) posted its quarterly earnings results on Wednesday. The technology company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.35, reports. Verint Systems had a net margin of 4.58% and a return on equity of 13.44%. The firm had revenue of $331.10 million for the quarter, compared to analysts’ expectations of $332.96 million. During the same period in the prior year, the company posted $0.85 earnings per share. The firm’s quarterly revenue was up 7.5% on a year-over-year basis.

VRNT opened at $51.71 on Friday. Verint Systems has a one year low of $39.96 and a one year high of $63.94. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.46 and a current ratio of 1.50. The stock’s fifty day moving average is $46.66 and its 200-day moving average is $51.03. The company has a market capitalization of $3.45 billion, a PE ratio of 22.29, a P/E/G ratio of 1.33 and a beta of 1.06.

Several equities research analysts have recently weighed in on VRNT shares. Zacks Investment Research raised shares of Verint Systems from a “sell” rating to a “hold” rating in a research report on Friday. BidaskClub raised shares of Verint Systems from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Goldman Sachs Group initiated coverage on Verint Systems in a research note on Tuesday, November 12th. They issued a “buy” rating and a $58.00 price target for the company. ValuEngine downgraded Verint Systems from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Verint Systems from $78.00 to $73.00 in a research note on Thursday. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $66.38.

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 for Verint Systems (NASDAQ:VRNT)

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