Positive News Coverage Somewhat Unlikely to Affect Verint Systems (VRNT) Share Price
News articles about Verint Systems (NASDAQ:VRNT) have trended positive on Tuesday, Accern reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Verint Systems earned a daily sentiment score of 0.25 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 45.6999686055202 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
VRNT has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Verint Systems from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research note on Wednesday, September 13th. Oppenheimer reissued a “buy” rating and set a $49.00 price target on shares of Verint Systems in a research note on Thursday, September 28th. Finally, BidaskClub downgraded shares of Verint Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $47.50.
Shares of Verint Systems (NASDAQ:VRNT) opened at $42.35 on Tuesday. Verint Systems has a 12 month low of $35.90 and a 12 month high of $44.70. The company has a quick ratio of 1.63, a current ratio of 1.67 and a debt-to-equity ratio of 0.71. The company has a market cap of $2,700.00, a P/E ratio of -169.40, a price-to-earnings-growth ratio of 2.31 and a beta of 1.26.
Verint Systems (NASDAQ:VRNT) last issued its earnings results on Wednesday, December 6th. The technology company reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.32. Verint Systems had a negative net margin of 1.41% and a positive return on equity of 9.90%. The firm had revenue of $280.70 million during the quarter, compared to the consensus estimate of $282.01 million. During the same quarter in the prior year, the firm earned $0.59 earnings per share. The business’s quarterly revenue was up 8.4% on a year-over-year basis. equities research analysts forecast that Verint Systems will post 1.82 EPS for the current fiscal year.
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About Verint Systems
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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