Verint Systems Inc. (VRNT) Sees Unusually-High Trading Volume
Verint Systems Inc. (NASDAQ:VRNT) saw an uptick in trading volume on Tuesday . 1,353,270 shares changed hands during 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.
A number of brokerages recently commented on VRNT. Oppenheimer Holdings Inc. restated a “buy” rating and set a $49.00 target price on shares of Verint Systems in a report on Wednesday, June 8th. Zacks Investment Research upgraded Verint Systems from a “sell” rating to a “hold” rating in a report on Wednesday, August 10th. Imperial Capital restated an “outperform” rating and set a $40.00 target price on shares of Verint Systems in a report on Wednesday, June 15th. Finally, Credit Suisse Group AG restated a “sell” rating and set a $32.00 target price on shares of Verint Systems in a report on Monday, August 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. Verint Systems has an average rating of “Buy” and an average target price of $41.57.
The firm has a 50 day moving average of $34.84 and a 200 day moving average of $34.41. The firm has a market cap of $2.15 billion and a price-to-earnings ratio of 3463.0701.
Verint Systems (NASDAQ:VRNT) last released its earnings results on Tuesday, June 7th. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.05. The business earned $249 million during the quarter. The company’s revenue was down 7.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.66 EPS. On average, equities research analysts forecast that Verint Systems Inc. will post $3.00 earnings per share for the current fiscal year.
In other Verint Systems news, insider Peter Fante sold 1,323 shares of the business’s stock in a transaction dated Monday, June 20th. The stock was sold at an average price of $35.34, for a total transaction of $46,754.82. Following the completion of the sale, the insider now owns 38,191 shares of the company’s stock, valued at $1,349,669.94. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Douglas Robinson sold 1,881 shares of the business’s stock in a transaction dated Monday, June 20th. The shares were sold at an average price of $35.34, for a total value of $66,474.54. Following the sale, the chief financial officer now directly owns 158,507 shares of the company’s stock, valued at approximately $5,601,637.38. 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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