Verint Systems (NASDAQ:VRNT) Releases FY19 Earnings Guidance

Verint Systems (NASDAQ:VRNT) updated its FY19 earnings guidance on Tuesday. The company provided earnings per share guidance of ~$3.03 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.01. The company issued revenue guidance of $1.225 billion +/- 2%, compared to the consensus revenue estimate of $1.21 billion.

Several research firms have recently issued reports on VRNT. Oppenheimer restated a buy rating and issued a $49.00 target price on shares of Verint Systems in a report on Thursday, December 7th. BidaskClub downgraded shares of Verint Systems from a hold rating to a sell rating in a research note on Tuesday, December 12th. Finally, Zacks Investment Research downgraded shares of Verint Systems from a buy rating to a hold rating in a research note on Wednesday, November 8th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $47.50.

Verint Systems (NASDAQ VRNT) traded up $0.15 during trading hours on Friday, hitting $43.05. 285,661 shares of the stock were exchanged, compared to its average volume of 468,287. Verint Systems has a twelve month low of $35.90 and a twelve month high of $44.70. The company has a market cap of $2,750.00, a PE ratio of -172.20, a P/E/G ratio of 2.31 and a beta of 1.26. The company has a quick ratio of 1.63, a current ratio of 1.67 and a debt-to-equity ratio of 0.71.

Verint Systems (NASDAQ:VRNT) last released its earnings results on Wednesday, December 6th. The technology company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.32. The company had revenue of $280.70 million during the quarter, compared to analysts’ expectations of $282.01 million. Verint Systems had a negative net margin of 1.41% and a positive return on equity of 9.90%. Verint Systems’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period last year, the business earned $0.59 EPS. equities analysts expect that Verint Systems will post 1.82 earnings per share for the current fiscal year.

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Verint Systems Company Profile

Verint Systems Inc offers Actionable Intelligence solutions. The Company delivers its Actionable Intelligence solutions through two operating segments: Customer Engagement Solutions and Cyber Intelligence Solutions. It is a provider of customer engagement software and services that can be deployed on-premises or in the cloud.

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