Verint Systems (VRNT) Issues FY19 Earnings Guidance
Verint Systems (NASDAQ:VRNT) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided EPS guidance of ~$3.03 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.01. The company issued revenue guidance of $1.225 billion +/- 2%, compared to the consensus revenue estimate of $1.21 billion.
A number of research analysts have recently weighed in on VRNT shares. Oppenheimer reissued a buy rating and issued a $49.00 price objective on shares of Verint Systems in a report on Thursday, December 7th. BidaskClub downgraded Verint Systems from a hold rating to a sell rating in a research report on Tuesday, December 12th. Deutsche Bank increased their target price on Verint Systems from $42.00 to $44.00 and gave the company a hold rating in a report on Thursday, September 7th. Finally, Zacks Investment Research raised Verint Systems from a hold rating to a buy rating and set a $46.00 target price for the company in a report on Wednesday, September 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Verint Systems currently has a consensus rating of Hold and an average price target of $47.33.
Verint Systems (NASDAQ:VRNT) opened at $41.40 on Wednesday. Verint Systems has a 52-week low of $34.65 and a 52-week high of $44.70. The company has a market capitalization of $2,640.54, a price-to-earnings ratio of 25.40, a PEG ratio of 2.28 and a beta of 1.26. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.63 and a current ratio of 1.67.
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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