Verint Systems (NASDAQ:VRNT) Updates FY25 Earnings Guidance

Verint Systems (NASDAQ:VRNT) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.90 for the period, compared to the consensus EPS estimate of $2.90. The company issued revenue guidance of $914-952 million, compared to the consensus revenue estimate of $933.20 million.

Analyst Upgrades and Downgrades

VRNT has been the subject of several recent research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 price target on shares of Verint Systems in a research report on Thursday, December 5th. Jefferies Financial Group lifted their target price on shares of Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a report on Friday, December 6th. Needham & Company LLC reissued a “buy” rating and set a $40.00 price target on shares of Verint Systems in a report on Friday, January 10th. StockNews.com raised shares of Verint Systems from a “hold” rating to a “buy” rating in a report on Monday, January 6th. Finally, Wedbush reissued an “outperform” rating and set a $38.00 target price on shares of Verint Systems in a research note on Thursday, September 26th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $35.67.

Verint Systems Stock Up 3.9 %

Shares of NASDAQ VRNT opened at $25.88 on Wednesday. Verint Systems has a 52-week low of $21.27 and a 52-week high of $38.17. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47. The company’s 50-day simple moving average is $26.27 and its 200-day simple moving average is $27.81. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 27.53, a price-to-earnings-growth ratio of 1.25 and a beta of 1.24.

Insider Buying and Selling at Verint Systems

In other Verint Systems news, CFO Grant A. Highlander sold 12,880 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $29.25, for a total value of $376,740.00. Following the transaction, the chief financial officer now directly owns 117,137 shares of the company’s stock, valued at $3,426,257.25. This trade represents a 9.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Peter Fante sold 16,233 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $27.52, for a total value of $446,732.16. Following the completion of the sale, the insider now owns 73,314 shares of the company’s stock, valued at $2,017,601.28. This trade represents a 18.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Verint Systems Company Profile

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.