Zacks Investment Research Upgrades Verint Systems (VRNT) to “Buy”

Verint Systems (NASDAQ:VRNT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Saturday. The firm presently has a $47.00 target price on the technology company’s stock. Zacks Investment Research‘s target price suggests a potential upside of 12.44% from the company’s previous close.

According to Zacks, “Verint Systems Inc. is a leading provider of analytic solutions for communications interception, digital video security and surveillance, and enterprise business intelligence. “

A number of other equities analysts also recently weighed in on the stock. Deutsche Bank raised their target price on shares of Verint Systems from $42.00 to $44.00 and gave the company a “hold” rating in a research note on Thursday, September 7th. Oppenheimer reaffirmed a “buy” rating and set a $49.00 target price on shares of Verint Systems in a research note on Thursday, December 7th. Finally, BidaskClub downgraded shares of Verint Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $47.50.

Verint Systems (NASDAQ VRNT) opened at $41.80 on Friday. Verint Systems has a one year low of $34.90 and a one year high of $44.70. The firm has a market cap of $2,670.00, a P/E ratio of -167.20, a price-to-earnings-growth ratio of 2.29 and a beta of 1.26. The company has a current ratio of 1.67, a quick ratio of 1.63 and a debt-to-equity ratio of 0.71.

Verint Systems (NASDAQ:VRNT) last announced its earnings results on Wednesday, December 6th. The technology company reported $0.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.32. Verint Systems had a net margin of 1.09% and a return on equity of 0.95%. The business had revenue of $280.70 million during the quarter, compared to the consensus estimate of $282.01 million. During the same quarter last year, the firm earned $0.59 earnings per share. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. equities research analysts expect that Verint Systems will post 1.82 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of the company. AXA grew its holdings in shares of Verint Systems by 2.9% during the third quarter. AXA now owns 200,514 shares of the technology company’s stock valued at $8,392,000 after buying an additional 5,700 shares during the last quarter. Algert Global LLC purchased a new stake in Verint Systems in the third quarter worth approximately $2,589,000. Cubist Systematic Strategies LLC boosted its holdings in Verint Systems by 207.6% in the third quarter. Cubist Systematic Strategies LLC now owns 15,682 shares of the technology company’s stock worth $656,000 after purchasing an additional 10,583 shares during the last quarter. Cornerstone Capital Management Holdings LLC. boosted its holdings in Verint Systems by 435.3% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 45,500 shares of the technology company’s stock worth $1,903,000 after purchasing an additional 37,000 shares during the last quarter. Finally, Magnetar Financial LLC purchased a new stake in Verint Systems in the third quarter worth approximately $202,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

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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.

Analyst Recommendations for Verint Systems (NASDAQ:VRNT)

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