Zacks: Analysts Anticipate Verint Systems Inc. (VRNT) Will Announce Quarterly Sales of $302.36 Million

Brokerages expect Verint Systems Inc. (NASDAQ:VRNT) to announce $302.36 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Verint Systems’ earnings, with estimates ranging from $299.72 million to $305.00 million. Verint Systems posted sales of $283.76 million during the same quarter last year, which would indicate a positive year over year growth rate of 6.6%. The firm is expected to report its next quarterly earnings report on Wednesday, December 5th.

According to Zacks, analysts expect that Verint Systems will report full year sales of $1.23 billion for the current financial year, with estimates ranging from $1.23 billion to $1.24 billion. For the next financial year, analysts expect that the firm will post sales of $1.32 billion, with estimates ranging from $1.31 billion to $1.32 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Verint Systems.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings results on Wednesday, September 5th. The technology company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.62 by $0.14. Verint Systems had a net margin of 3.29% and a return on equity of 11.69%. The firm had revenue of $306.30 million during the quarter, compared to analyst estimates of $295.84 million. During the same quarter in the prior year, the business posted $0.61 earnings per share. Verint Systems’s revenue for the quarter was up 11.5% compared to the same quarter last year.

Several equities research analysts have recently issued reports on the stock. BidaskClub raised shares of Verint Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, July 11th. Zacks Investment Research raised shares of Verint Systems from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Thursday, June 14th. Royal Bank of Canada increased their price objective on shares of Verint Systems to $58.00 and gave the stock an “outperform” rating in a research report on Thursday, September 6th. Oppenheimer increased their price objective on shares of Verint Systems from $49.00 to $58.00 and gave the stock an “outperform” rating in a research report on Thursday, September 6th. Finally, ValuEngine raised shares of Verint Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, July 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $54.30.

VRNT stock traded up $0.10 on Thursday, hitting $49.50. 414,100 shares of the company were exchanged, compared to its average volume of 345,442. Verint Systems has a twelve month low of $37.10 and a twelve month high of $52.45. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.53 and a current ratio of 1.57. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 27.97, a price-to-earnings-growth ratio of 2.17 and a beta of 1.08.

In other news, CEO Dan Bodner sold 61,298 shares of the company’s stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $48.66, for a total value of $2,982,760.68. Following the completion of the transaction, the chief executive officer now directly owns 663,615 shares in the company, valued at $32,291,505.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Douglas Robinson sold 9,635 shares of the company’s stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $48.66, for a total transaction of $468,839.10. Following the completion of the transaction, the chief financial officer now owns 177,942 shares of the company’s stock, valued at $8,658,657.72. The disclosure for this sale can be found here. Insiders sold 107,501 shares of company stock valued at $5,239,269 in the last three months. Company insiders own 1.40% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Global X Management Co LLC purchased a new position in shares of Verint Systems in the second quarter valued at $166,000. Strs Ohio boosted its stake in shares of Verint Systems by 60.0% in the second quarter. Strs Ohio now owns 4,000 shares of the technology company’s stock valued at $177,000 after purchasing an additional 1,500 shares during the period. Sun Life Financial INC purchased a new position in shares of Verint Systems in the second quarter valued at $205,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Verint Systems in the first quarter valued at $206,000. Finally, Jane Street Group LLC purchased a new position in shares of Verint Systems in the first quarter valued at $227,000. Institutional investors and hedge funds own 94.68% of the company’s stock.

About Verint Systems

Verint Systems Inc provides actionable intelligence solutions and value-added services worldwide. Its Customer Engagement Solutions segment provides automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, digital feedback, email engagement, employee desktop, enterprise feedback, financial compliance, full-time recording, gamification, identity analytics, internal communities, knowledge management, mobile workforce, performance management, robotic process automation, social analytics, speech and text analytics, virtual assistant, voice self-service, voice self-service fraud detection, Web/mobile self-service, work manager, and workforce management solutions.

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