Verint Systems (NASDAQ:VRNT) Downgraded to Hold Rating by Rosenblatt Securities

Key Points

• Rosenblatt Securities reaffirmed a "Neutral" rating for Verint Systems with a significantly reduced price target of $20.50, suggesting only a 1.36% upside from its previous close.
• Verint Systems recently reported disappointing earnings, with $0.29 EPS, missing the consensus estimate of $0.41, and revenue of $173.62 million, below expectations of $194.61 million.
• The stock has experienced recent volatility, with a 1-year trading range between $14.15 and $34.80, and is currently trading down 1.2% from its previous close.

Verint Systems (NASDAQ:VRNT - Get Free Report) was downgraded by analysts at Rosenblatt Securities from a "buy" rating to a "hold" rating in a report issued on Monday, MarketBeat Ratings reports. They presently have a $20.50 price objective on the technology company's stock, down from their previous price objective of $40.00. Rosenblatt Securities' price objective suggests a potential upside of 1.49% from the stock's current price.

A number of other brokerages have also recently weighed in on VRNT. Wedbush reaffirmed an "outperform" rating and set a $30.00 price target on shares of Verint Systems in a research report on Wednesday, June 4th. Needham & Company LLC reissued a "buy" rating and issued a $30.00 target price on shares of Verint Systems in a research note on Thursday, June 5th. Finally, Cowen restated a "buy" rating on shares of Verint Systems in a report on Wednesday, June 4th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Verint Systems currently has a consensus rating of "Hold" and an average price target of $27.71.

Verint Systems Stock Down 1.3%

Shares of NASDAQ VRNT opened at $20.20 on Monday. Verint Systems has a 52-week low of $14.15 and a 52-week high of $34.80. The firm has a fifty day moving average of $20.15 and a 200-day moving average of $19.69. The stock has a market capitalization of $1.22 billion, a PE ratio of 24.63, a P/E/G ratio of 0.82 and a beta of 1.46.

Verint Systems (NASDAQ:VRNT - Get Free Report) last issued its earnings results on Wednesday, June 4th. The technology company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.12). Verint Systems had a return on equity of 12.35% and a net margin of 7.66%.The firm had revenue of $173.62 million during the quarter, compared to analysts' expectations of $194.61 million. During the same period last year, the business posted $0.59 earnings per share. The company's quarterly revenue was down 6.0% compared to the same quarter last year. Verint Systems has set its FY 2026 guidance at 2.930-2.930 EPS. Equities research analysts expect that Verint Systems will post 1.92 EPS for the current fiscal year.

Institutional Trading of Verint Systems

Several institutional investors have recently added to or reduced their stakes in VRNT. Pitcairn Co. raised its holdings in shares of Verint Systems by 20.4% during the second quarter. Pitcairn Co. now owns 18,607 shares of the technology company's stock worth $366,000 after purchasing an additional 3,159 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Verint Systems by 171.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,069 shares of the technology company's stock valued at $139,000 after buying an additional 4,466 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Verint Systems by 6.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 424,439 shares of the technology company's stock valued at $8,349,000 after buying an additional 26,271 shares during the last quarter. Bridgeway Capital Management LLC raised its stake in Verint Systems by 371.7% during the second quarter. Bridgeway Capital Management LLC now owns 449,041 shares of the technology company's stock worth $8,833,000 after acquiring an additional 353,841 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in Verint Systems by 84.2% in the second quarter. AQR Capital Management LLC now owns 403,605 shares of the technology company's stock worth $7,939,000 after acquiring an additional 184,441 shares during the last quarter. Institutional investors own 94.95% of the company's stock.

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.