Verint Systems (NASDAQ:VRNT) announced its earnings results on Wednesday. The technology company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.14, Briefing.com reports. The company had revenue of $306.30 million during the quarter, compared to analyst estimates of $295.84 million. Verint Systems had a net margin of 3.29% and a return on equity of 11.86%. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.61 earnings per share. Verint Systems updated its FY19 guidance to $3.15 EPS.
VRNT opened at $51.70 on Friday. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 23.14, a PEG ratio of 2.10 and a beta of 1.08. Verint Systems has a 1-year low of $37.10 and a 1-year high of $52.45. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.53 and a quick ratio of 1.50.
VRNT has been the subject of several recent research reports. BidaskClub upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, July 11th. ValuEngine upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, July 10th. Zacks Investment Research upgraded shares of Verint Systems from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research report on Thursday, June 14th. JPMorgan Chase & Co. upped their price target on shares of Verint Systems from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, August 30th. They noted that the move was a valuation call. Finally, Imperial Capital upped their price target on shares of Verint Systems from $47.00 to $49.50 and gave the stock an “outperform” rating in a research report on Thursday, May 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $52.58.
Verint Systems Company Profile
Verint Systems Inc provides actionable intelligence solutions and value-added services worldwide. Its Customer Engagement Solutions segment provides automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, digital feedback, email engagement, employee desktop, enterprise feedback, financial compliance, full-time recording, gamification, identity analytics, internal communities, knowledge management, mobile workforce, performance management, robotic process automation, social analytics, speech and text analytics, virtual assistant, voice self-service, voice self-service fraud detection, Web/mobile self-service, work manager, and workforce management solutions.
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