Verint Systems (NASDAQ:VRNT) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided EPS guidance of $3.15-3.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.16. The company issued revenue guidance of $1.228-1.252 billion, compared to the consensus revenue estimate of $1.24 billion.Verint Systems also updated its FY 2020 guidance to $3.50-3.50 EPS.

Shares of VRNT stock opened at $45.02 on Friday. The firm has a market cap of $2.97 billion, a P/E ratio of 20.46, a PEG ratio of 2.06 and a beta of 1.09. Verint Systems has a twelve month low of $37.10 and a twelve month high of $52.45. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.53 and a current ratio of 1.57.

Verint Systems (NASDAQ:VRNT) last announced its earnings results on Thursday, December 6th. The technology company reported $0.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.14. The firm had revenue of $307.99 million for the quarter, compared to the consensus estimate of $305.38 million. Verint Systems had a return on equity of 12.61% and a net margin of 4.58%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.66 EPS. Equities research analysts expect that Verint Systems will post 2.22 EPS for the current fiscal year.

Several research analysts have commented on the company. Oppenheimer lifted their target price on Verint Systems from $49.00 to $58.00 and gave the stock an outperform rating in a report on Thursday, September 6th. Wedbush assumed coverage on Verint Systems in a report on Thursday, October 18th. They set an outperform rating and a $58.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on Verint Systems from $50.00 to $55.00 and gave the stock a buy rating in a report on Thursday, August 30th. They noted that the move was a valuation call. TheStreet raised Verint Systems from a c rating to a b- rating in a report on Thursday, September 13th. Finally, BidaskClub downgraded Verint Systems from a hold rating to a sell rating in a report on Thursday, September 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $54.92.

In other Verint Systems news, CEO Dan Bodner sold 61,298 shares of Verint Systems stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $48.66, for a total transaction of $2,982,760.68. Following the transaction, the chief executive officer now directly owns 663,615 shares of the company’s stock, valued at approximately $32,291,505.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard N. Nottenburg sold 2,427 shares of Verint Systems stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $48.40, for a total value of $117,466.80. Following the transaction, the director now directly owns 15,524 shares in the company, valued at $751,361.60. The disclosure for this sale can be found here. Insiders have sold a total of 107,501 shares of company stock worth $5,239,269 over the last ninety days. Company insiders own 1.40% of the company’s stock.

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Verint Systems Company Profile

Verint Systems Inc provides actionable intelligence solutions and value-added services worldwide. Its Customer Engagement Solutions segment provides automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, digital feedback, email engagement, employee desktop, enterprise feedback, financial compliance, full-time recording, gamification, identity analytics, internal communities, knowledge management, mobile workforce, performance management, robotic process automation, social analytics, speech and text analytics, virtual assistant, voice self-service, voice self-service fraud detection, Web/mobile self-service, work manager, and workforce management solutions.

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