Verint Systems (VRNT) Downgraded by BidaskClub

Verint Systems (NASDAQ:VRNT) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Saturday.

A number of other equities analysts have also recently weighed in on VRNT. Oppenheimer reaffirmed a “buy” rating and issued a $49.00 price target on shares of Verint Systems in a report on Wednesday, December 20th. Zacks Investment Research raised Verint Systems from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a report on Saturday, December 23rd. Finally, Royal Bank of Canada upped their price target on Verint Systems from $48.00 to $50.00 and gave the stock a “positive” rating in a report on Thursday, March 29th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Verint Systems has an average rating of “Hold” and a consensus price target of $47.83.

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NASDAQ VRNT opened at $39.30 on Friday. The stock has a market capitalization of $2,582.17, a P/E ratio of 22.20, a price-to-earnings-growth ratio of 1.89 and a beta of 1.01. Verint Systems has a twelve month low of $37.05 and a twelve month high of $44.55. The company has a quick ratio of 1.63, a current ratio of 1.55 and a debt-to-equity ratio of 0.68.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings results on Wednesday, March 28th. The technology company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.05. The company had revenue of $318.73 million during the quarter, compared to analysts’ expectations of $313.98 million. Verint Systems had a positive return on equity of 10.57% and a negative net margin of 0.58%. Verint Systems’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.90 EPS. equities research analysts expect that Verint Systems will post 2.14 EPS for the current year.

A number of large investors have recently bought and sold shares of the business. Great West Life Assurance Co. Can increased its stake in Verint Systems by 27.0% during the 3rd quarter. Great West Life Assurance Co. Can now owns 7,070 shares of the technology company’s stock worth $298,000 after buying an additional 1,504 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in Verint Systems by 38.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 5,870 shares of the technology company’s stock worth $246,000 after buying an additional 1,620 shares in the last quarter. SG Americas Securities LLC increased its stake in Verint Systems by 11.5% during the 4th quarter. SG Americas Securities LLC now owns 18,567 shares of the technology company’s stock worth $777,000 after buying an additional 1,918 shares in the last quarter. Atria Investments LLC increased its stake in Verint Systems by 43.7% during the 4th quarter. Atria Investments LLC now owns 7,276 shares of the technology company’s stock worth $305,000 after buying an additional 2,214 shares in the last quarter. Finally, Teachers Advisors LLC increased its stake in Verint Systems by 0.4% during the 4th quarter. Teachers Advisors LLC now owns 546,247 shares of the technology company’s stock worth $22,860,000 after buying an additional 2,441 shares in the last quarter. Institutional investors own 96.36% of the company’s stock.

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Verint Systems Company Profile

Verint Systems Inc provides actionable intelligence solutions and value-added services worldwide. Its Customer Engagement Solutions segment provides voice of the customer solutions, including interaction analytics, enterprise feedback, and digital feedback; workforce optimization solutions, such as intelligent recording, analytics-driven quality, coaching/learning, workforce management, work allocation, desktop and process analytics, robotic process automation, and performance management; employee engagement solutions comprising workforce optimization, knowledge management, employee desktop, case management, internal communities, gamification, mobile workforce apps, and voice of the employee; engagement channel solutions consisting of Web/mobile self-service, voice self-service, customer communities, email/secure messaging, Web chat, co-browse, mobile messaging, and social engagement; and security, fraud, and compliance solutions, including compliance recording, fraud and identity analytics, trading compliance, branch surveillance and investigation, and public safety compliance.

Analyst Recommendations for Verint Systems (NASDAQ:VRNT)

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