Wall Street brokerages expect Verint Systems Inc. (NASDAQ:VRNT) to post $1.00 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have issued estimates for Verint Systems’ earnings, with the lowest EPS estimate coming in at $0.99 and the highest estimate coming in at $1.01. Verint Systems posted earnings per share of $0.90 in the same quarter last year, which would indicate a positive year over year growth rate of 11.1%. The business is expected to issue its next earnings results on Tuesday, March 27th.
According to Zacks, analysts expect that Verint Systems will report full year earnings of $2.76 per share for the current fiscal year, with EPS estimates ranging from $2.75 to $2.77. For the next financial year, analysts forecast that the business will report earnings of $3.03 per share, with EPS estimates ranging from $3.00 to $3.06. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover Verint Systems.
VRNT has been the topic of a number of research reports. BidaskClub cut Verint Systems from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Oppenheimer restated a “buy” rating and issued a $49.00 price target on shares of Verint Systems in a report on Thursday, December 7th. Finally, Zacks Investment Research upgraded Verint Systems from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Saturday, December 23rd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Verint Systems presently has a consensus rating of “Hold” and an average price target of $47.50.
Large investors have recently made changes to their positions in the business. Ameriprise Financial Inc. grew its holdings in Verint Systems by 37.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 887,367 shares of the technology company’s stock valued at $37,137,000 after buying an additional 240,366 shares during the last quarter. Prudential Financial Inc. lifted its stake in shares of Verint Systems by 409.7% during the 3rd quarter. Prudential Financial Inc. now owns 255,164 shares of the technology company’s stock worth $10,679,000 after purchasing an additional 205,100 shares during the period. Legal & General Group Plc lifted its stake in shares of Verint Systems by 20.9% during the 3rd quarter. Legal & General Group Plc now owns 26,745 shares of the technology company’s stock worth $1,123,000 after purchasing an additional 4,627 shares during the period. American Capital Management Inc. lifted its stake in shares of Verint Systems by 23.7% during the 4th quarter. American Capital Management Inc. now owns 1,431,899 shares of the technology company’s stock worth $59,925,000 after purchasing an additional 274,094 shares during the period. Finally, Invictus RG purchased a new position in shares of Verint Systems in the 3rd quarter worth $255,000. Hedge funds and other institutional investors own 96.25% of the company’s stock.
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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