Verint Systems (VRNT) Set to Announce Quarterly Earnings on Wednesday

Verint Systems (NASDAQ:VRNT) will be releasing its earnings data after the market closes on Wednesday, September 4th. Analysts expect Verint Systems to post earnings of $0.53 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings data on Tuesday, June 4th. The technology company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.02). The firm had revenue of $221.28 million for the quarter, compared to the consensus estimate of $214.71 million. Verint Systems had a net margin of 5.52% and a return on equity of 16.56%. On average, analysts expect Verint Systems to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Verint Systems Stock Performance

Verint Systems stock opened at $31.55 on Tuesday. The company has a current ratio of 1.34, a quick ratio of 1.30 and a debt-to-equity ratio of 0.50. The firm has a market cap of $1.95 billion, a P/E ratio of 65.73, a P/E/G ratio of 1.32 and a beta of 1.26. Verint Systems has a 1-year low of $18.41 and a 1-year high of $38.17. The firm has a 50-day moving average of $32.79 and a 200-day moving average of $32.05.

Analysts Set New Price Targets

Several research firms have weighed in on VRNT. StockNews.com upgraded Verint Systems from a “hold” rating to a “buy” rating in a report on Tuesday, August 27th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 price target on shares of Verint Systems in a research note on Wednesday, June 5th. Finally, Needham & Company LLC reissued a “buy” rating and set a $40.00 price objective on shares of Verint Systems in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Verint Systems has a consensus rating of “Moderate Buy” and an average price target of $35.20.

Insider Activity

In related news, insider Peter Fante sold 4,417 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $36.60, for a total value of $161,662.20. Following the sale, the insider now directly owns 98,975 shares of the company’s stock, valued at $3,622,485. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Peter Fante sold 4,417 shares of Verint Systems stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $36.60, for a total transaction of $161,662.20. Following the completion of the transaction, the insider now directly owns 98,975 shares of the company’s stock, valued at approximately $3,622,485. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Dan Bodner sold 375,000 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $33.76, for a total transaction of $12,660,000.00. Following the completion of the sale, the chief executive officer now owns 609,764 shares in the company, valued at approximately $20,585,632.64. The disclosure for this sale can be found here. Insiders sold a total of 381,527 shares of company stock worth $12,898,762 in the last quarter. 1.70% of the stock is owned by company insiders.

About Verint Systems

Verint Systems Inc provides customer engagement solutions worldwide. It offers forecasting and scheduling, channels and routing, knowledge management, fraud and security solutions, quality and compliance, analytics and insights, real-time assistance, self-services, financial compliance, and voice pf the consumer solutions.