Verint Systems (NASDAQ:VRNT) Issues FY25 Earnings Guidance

Verint Systems (NASDAQ:VRNT) updated its FY25 earnings guidance on Wednesday. The company provided EPS guidance of $2.90 for the period, compared to the consensus EPS estimate of $2.91. The company issued revenue guidance of $914.3- $951.7 million, compared to the consensus revenue estimate of $933.04 million.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on VRNT shares. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price objective on shares of Verint Systems in a research note on Thursday. Jefferies Financial Group lowered their target price on shares of Verint Systems from $32.00 to $28.00 and set a “hold” rating on the stock in a report on Thursday, September 5th. TD Cowen reduced their price target on shares of Verint Systems from $40.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Evercore ISI cut their target price on shares of Verint Systems from $34.00 to $30.00 and set an “in-line” rating for the company in a research note on Thursday, September 5th. Finally, Wedbush reaffirmed an “outperform” rating and set a $38.00 price target on shares of Verint Systems in a report on Thursday, September 26th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $34.67.

Verint Systems Trading Up 23.1 %

Shares of VRNT opened at $31.96 on Friday. The stock’s fifty day simple moving average is $23.75 and its 200-day simple moving average is $28.90. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $1.98 billion, a PE ratio of 47.70, a price-to-earnings-growth ratio of 1.03 and a beta of 1.28. Verint Systems has a 12-month low of $21.27 and a 12-month high of $38.17.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). Verint Systems had a return on equity of 16.17% and a net margin of 6.78%. The business had revenue of $210.17 million for the quarter, compared to the consensus estimate of $212.81 million. During the same period last year, the firm earned $0.22 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. As a group, research analysts predict that Verint Systems will post 1.97 earnings per share for the current year.

Insider Transactions at Verint Systems

In other Verint Systems news, CEO Dan Bodner sold 16,932 shares of Verint Systems stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $25.85, for a total value of $437,692.20. Following the transaction, the chief executive officer now owns 592,832 shares of the company’s stock, valued at approximately $15,324,707.20. The trade was a 2.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Grant A. Highlander sold 3,389 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $25.85, for a total transaction of $87,605.65. Following the sale, the chief financial officer now owns 131,267 shares in the company, valued at approximately $3,393,251.95. The trade was a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,811 shares of company stock worth $874,014 in the last three months. Insiders own 1.70% of the company’s stock.

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.