Verint Systems Inc. (VRNT) Sees Large Volume Increase
Verint Systems Inc. (NASDAQ:VRNT) shares saw unusually-high trading volume on Tuesday . Approximately 1,353,270 shares traded hands during mid-day trading, an increase of 262% from the previous session’s volume of 373,934 shares.The stock last traded at $34.40 and had previously closed at $33.94.
VRNT has been the subject of several research reports. Oppenheimer Holdings Inc. reissued a “buy” rating and issued a $49.00 price target on shares of Verint Systems in a research report on Wednesday, June 8th. Imperial Capital reissued an “outperform” rating and issued a $40.00 price target on shares of Verint Systems in a research report on Wednesday, June 15th. Zacks Investment Research raised shares of Verint Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, August 10th. Finally, Credit Suisse Group AG reissued a “sell” rating and issued a $29.00 price target on shares of Verint Systems in a research report on Wednesday, May 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. Verint Systems has a consensus rating of “Buy” and an average price target of $41.57.
The firm has a 50-day moving average price of $34.82 and a 200 day moving average price of $34.41. The company has a market cap of $2.16 billion and a P/E ratio of 3466.00.
Verint Systems (NASDAQ:VRNT) last announced its quarterly earnings results on Tuesday, June 7th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.05. During the same period last year, the firm earned $0.66 earnings per share. The business earned $249 million during the quarter. The firm’s revenue for the quarter was down 7.9% compared to the same quarter last year. On average, analysts predict that Verint Systems Inc. will post $3.00 earnings per share for the current fiscal year.
In other Verint Systems news, CFO Douglas Robinson sold 1,881 shares of the firm’s stock in a transaction on Monday, June 20th. The stock was sold at an average price of $35.34, for a total transaction of $66,474.54. Following the completion of the transaction, the chief financial officer now owns 158,507 shares of the company’s stock, valued at $5,601,637.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dan Bodner sold 8,293 shares of the firm’s stock in a transaction on Monday, June 20th. The shares were sold at an average price of $35.34, for a total value of $293,074.62. Following the transaction, the chief executive officer now directly owns 674,292 shares of the company’s stock, valued at approximately $23,829,479.28. The disclosure for this sale can be found here.
Verint Systems Inc offers Actionable Intelligence solutions. The Company’s Actionable Intelligence solutions address Customer Engagement Optimization, Security Intelligence, and Fraud, Risk and Compliance. It offers services, such as strategic consulting, implementation services, training, maintenance and round the clock support, as well as a range of deployment models.
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