Verint Systems (NASDAQ:VRNT) Issues FY 2020 After-Hours Earnings Guidance

Posted by Don Miller on Dec 4th, 2019

Verint Systems (NASDAQ:VRNT) issued an update on its FY 2020
After-Hours earnings guidance on Wednesday morning. The company provided EPS guidance of 3.65-3.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.64. The company issued revenue guidance of $1.333-1.388 billion, compared to the consensus revenue estimate of $1.37 billion.Verint Systems also updated its FY 2021
After-Hours guidance to 4.00-4.00 EPS.

VRNT stock traded up $0.25 during midday trading on Wednesday, reaching $47.81. The company had a trading volume of 871,649 shares, compared to its average volume of 538,148. Verint Systems has a 1 year low of $39.96 and a 1 year high of $63.94. The company has a current ratio of 1.50, a quick ratio of 1.46 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $3.19 billion, a P/E ratio of 20.61, a PEG ratio of 1.33 and a beta of 1.06. The company has a 50 day moving average of $46.27 and a two-hundred day moving average of $51.20.

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

A number of equities research analysts have issued reports on VRNT shares. Needham & Company LLC started coverage on shares of Verint Systems in a research report on Tuesday, October 22nd. They issued a buy rating and a $53.00 target price for the company. TheStreet downgraded shares of Verint Systems from a b- rating to a c+ rating in a research report on Thursday, September 19th. ValuEngine lowered shares of Verint Systems from a hold rating to a sell rating in a research note on Monday, November 11th. BidaskClub upgraded shares of Verint Systems from a sell rating to a hold rating in a research note on Thursday, November 7th. Finally, Wedbush restated a buy rating and set a $70.00 price target on shares of Verint Systems in a research note on Thursday, September 5th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $64.63.

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.