Verint Systems (NASDAQ:VRNT) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Verint Systems (NASDAQ:VRNT) released its quarterly earnings data on Wednesday. The technology company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04), Briefing.com reports. Verint Systems had a return on equity of 16.27% and a net margin of 6.78%. The business had revenue of $210.17 million during the quarter, compared to analyst estimates of $212.81 million. During the same quarter in the previous year, the company earned $0.22 EPS. The firm’s revenue was up .0% compared to the same quarter last year. Verint Systems updated its FY25 guidance to $2.90 EPS and its FY 2025 guidance to 2.900-2.900 EPS.

Verint Systems Stock Down 0.2 %

Shares of NASDAQ VRNT traded down $0.04 during midday trading on Friday, hitting $26.50. 401,099 shares of the company’s stock were exchanged, compared to its average volume of 632,940. The firm’s fifty day simple moving average is $32.58 and its 200-day simple moving average is $31.99. The company has a market cap of $1.64 billion, a PE ratio of 55.29, a P/E/G ratio of 1.25 and a beta of 1.24. Verint Systems has a twelve month low of $18.41 and a twelve month high of $38.17. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.34 and a quick ratio of 1.30.

Insiders Place Their Bets

In other news, CEO Dan Bodner sold 375,000 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $33.76, for a total value of $12,660,000.00. Following the completion of the sale, the chief executive officer now directly owns 609,764 shares of the company’s stock, valued at approximately $20,585,632.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Verint Systems news, insider Peter Fante sold 4,417 shares of Verint Systems stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $36.60, for a total value of $161,662.20. Following the transaction, the insider now directly owns 98,975 shares in the company, valued at $3,622,485. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Dan Bodner sold 375,000 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $33.76, for a total transaction of $12,660,000.00. Following the completion of the sale, the chief executive officer now directly owns 609,764 shares of the company’s stock, valued at $20,585,632.64. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on VRNT shares. TD Cowen cut their price target on Verint Systems from $40.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday. StockNews.com raised Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price objective on shares of Verint Systems in a research note on Thursday. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 target price on shares of Verint Systems in a research note on Thursday. Finally, Evercore ISI dropped their price target on shares of Verint Systems from $34.00 to $30.00 and set an “in-line” rating on the stock in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Verint Systems presently has a consensus rating of “Moderate Buy” and an average target price of $34.17.

About Verint Systems

Verint Systems Inc provides customer engagement solutions worldwide. It offers forecasting and scheduling, channels and routing, knowledge management, fraud and security solutions, quality and compliance, analytics and insights, real-time assistance, self-services, financial compliance, and voice pf the consumer solutions.