Verint Systems (VRNT) Expected to Announce Quarterly Earnings on Wednesday

Verint Systems (NASDAQ:VRNT) will likely be announcing its earnings results before the market opens on Wednesday, March 26th. Analysts expect the company to announce earnings of $1.27 per share and revenue of $276.82 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Verint Systems Trading Down 2.4 %

Shares of Verint Systems stock opened at $22.02 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.32 and a quick ratio of 1.28. The firm has a fifty day moving average price of $24.39 and a 200 day moving average price of $25.05. Verint Systems has a 1 year low of $20.67 and a 1 year high of $38.17. The stock has a market cap of $1.37 billion, a PE ratio of 23.43, a price-to-earnings-growth ratio of 0.97 and a beta of 1.29.

Insider Activity

In other news, insider Peter Fante sold 16,233 shares of Verint Systems stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $27.52, for a total value of $446,732.16. Following the sale, the insider now owns 73,314 shares in the company, valued at $2,017,601.28. This trade represents a 18.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on VRNT shares. Jefferies Financial Group raised their target price on shares of Verint Systems from $28.00 to $34.00 and gave the stock a “hold” rating in a report on Friday, December 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 price objective on shares of Verint Systems in a report on Wednesday, January 15th. StockNews.com raised shares of Verint Systems from a “hold” rating to a “buy” rating in a report on Wednesday, March 12th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Verint Systems in a report on Friday, January 10th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $35.67.

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.