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, Briefing.com 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 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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