Verint Systems (NASDAQ:VRNT) issued an update on its FY20 earnings guidance on Wednesday morning. The company provided EPS guidance of $3.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.66. The company issued revenue guidance of $1.348-1.403 billion, compared to the consensus revenue estimate of $1.37 billion.Verint Systems also updated its FY 2020 guidance to $3.65-3.65 EPS.
Shares of VRNT traded up $0.87 during mid-day trading on Wednesday, hitting $53.84. 726,335 shares of the company traded hands, compared to its average volume of 529,671. Verint Systems has a 1-year low of $39.96 and a 1-year high of $63.94. The company has a quick ratio of 1.45, a current ratio of 1.50 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $3.48 billion, a PE ratio of 23.21, a price-to-earnings-growth ratio of 1.66 and a beta of 1.04. The business has a 50 day moving average of $55.08 and a 200 day moving average of $56.35.
Several equities analysts have recently issued reports on VRNT shares. BidaskClub downgraded shares of Verint Systems from a buy rating to a hold rating in a report on Wednesday, August 21st. Oppenheimer upped their price objective on shares of Verint Systems from $65.00 to $75.00 and gave the company an outperform rating in a report on Thursday, May 23rd. Wedbush restated an outperform rating and set a $70.00 price objective (up previously from $63.00) on shares of Verint Systems in a report on Tuesday, May 21st. Imperial Capital upped their price objective on shares of Verint Systems from $65.00 to $69.00 and gave the company an outperform rating in a report on Friday, May 31st. Finally, Zacks Investment Research downgraded shares of Verint Systems from a strong-buy rating to a hold rating in a report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Verint Systems has a consensus rating of Buy and an average price target of $67.00.
In other Verint Systems news, Director Richard N. Nottenburg sold 5,076 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $56.01, for a total value of $284,306.76. Following the sale, the director now owns 6,163 shares in the company, valued at approximately $345,189.63. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Elan Moriah sold 16,308 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $56.56, for a total value of $922,380.48. Following the completion of the sale, the insider now owns 103,210 shares in the company, valued at approximately $5,837,557.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,959 shares of company stock worth $2,014,527. 1.40% of the stock is owned by insiders.
Verint Systems Company Profile
Verint Systems Inc provides actionable intelligence solutions worldwide. The company's Customer Engagement Solutions segment offers automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, and digital feedback solutions.
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