Verint Systems (NASDAQ:VRNT) Updates FY 2021 After-Hours Earnings Guidance

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Verint Systems (NASDAQ:VRNT) issued an update on its FY 2021
After-Hours earnings guidance on Wednesday morning. The company provided earnings per share guidance of 4.00-4.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.02. The company issued revenue guidance of $1.426-1.485 billion, compared to the consensus revenue estimate of $1.49 billion.Verint Systems also updated its FY 2020
After-Hours guidance to 3.65-3.65 EPS.

Shares of Verint Systems stock traded up $0.25 during trading on Wednesday, hitting $47.81. 871,649 shares of the company were exchanged, compared to its average volume of 538,148. The company has a quick ratio of 1.46, a current ratio of 1.50 and a debt-to-equity ratio of 0.68. Verint Systems has a fifty-two week low of $39.96 and a fifty-two week high of $63.94. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 20.61, a P/E/G ratio of 1.33 and a beta of 1.06. The firm has a 50 day moving average price of $46.27 and a 200 day moving average price of $51.20.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.02. Verint Systems had a return on equity of 13.44% and a net margin of 4.58%. The firm had revenue of $331.00 million during the quarter, compared to the consensus estimate of $334.56 million. During the same period in the previous year, the firm posted $0.76 EPS. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. Analysts predict that Verint Systems will post 2.62 earnings per share for the current year.

VRNT has been the subject of several research reports. Jefferies Financial Group cut their price objective on Verint Systems from $72.00 to $67.00 and set a buy rating for the company in a research report on Thursday, September 5th. They noted that the move was a valuation call. TheStreet downgraded Verint Systems from a b- rating to a c+ rating in a research report on Thursday, September 19th. Wedbush restated a buy rating and set a $70.00 price objective on shares of Verint Systems in a research report on Thursday, September 5th. Needham & Company LLC initiated coverage on Verint Systems in a research report on Tuesday, October 22nd. They set a buy rating and a $53.00 price objective for the company. Finally, Goldman Sachs Group initiated coverage on Verint Systems in a research report on Tuesday, November 12th. They set a buy rating and a $58.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $64.63.

About Verint Systems

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.

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Earnings History and Estimates for Verint Systems (NASDAQ:VRNT)

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