Verint Systems (NASDAQ:VRNT) Issues FY25 Earnings Guidance

Verint Systems (NASDAQ:VRNT) issued an update on its FY25 earnings guidance on Wednesday morning. 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

VRNT has been the topic of several recent analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $36.00 price objective on shares of Verint Systems in a research report on Thursday, September 5th. Evercore ISI lowered their price target on Verint Systems from $34.00 to $30.00 and set an “in-line” rating on the stock in a report on Thursday, September 5th. TD Cowen dropped their target price on shares of Verint Systems from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Jefferies Financial Group reduced their price target 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. Finally, Wedbush reaffirmed an “outperform” rating and issued a $38.00 price objective on shares of Verint Systems in a research note on Thursday, September 26th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $34.67.

Verint Systems Stock Up 7.0 %

Shares of NASDAQ VRNT traded up $1.69 during midday trading on Wednesday, reaching $25.97. 1,732,256 shares of the company’s stock traded hands, compared to its average volume of 671,542. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 36.24, a P/E/G ratio of 1.05 and a beta of 1.28. The stock’s 50 day simple moving average is $23.60 and its 200-day simple moving average is $28.89. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 0.49. Verint Systems has a one year low of $21.27 and a one year high of $38.17.

Verint Systems (NASDAQ:VRNT) last announced its earnings results on Wednesday, September 4th. The technology company reported $0.49 earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $212.81 million. During the same quarter last year, the firm earned $0.22 earnings per share. The firm’s quarterly revenue was up .0% compared to the same quarter last year. On average, analysts predict that Verint Systems will post 1.97 EPS for the current fiscal year.

Insider Activity

In related news, CEO Dan Bodner sold 16,932 shares of Verint Systems stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $25.85, for a total value of $437,692.20. Following the sale, the chief executive officer now directly owns 592,832 shares in the company, valued at approximately $15,324,707.20. The trade was a 2.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Grant A. Highlander sold 3,389 shares of the 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 $87,605.65. Following the transaction, the chief financial officer now directly owns 131,267 shares of the company’s stock, valued at $3,393,251.95. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,811 shares of company stock valued at $874,014 over the last ninety days. 1.70% of the stock is currently owned by insiders.

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.