Verint Systems (NASDAQ:VRNT) Earns "Sell (D+)" Rating from Weiss Ratings

Key Points

• Verint Systems has received a "sell (D+)" rating from Weiss Ratings, which reflects a cautious outlook from analysts.
• Multiple research analysts, including Wedbush and TD Cowen, have downgraded Verint Systems from a "strong-buy" to a "hold" rating, impacting overall investor sentiment.
• Verint Systems reported $0.33 earnings per share for the latest quarter, exceeding analysts' expectations but noted a year-over-year revenue decline of 1.0%.

Verint Systems (NASDAQ:VRNT - Get Free Report)'s stock had its "sell (d+)" rating reiterated by analysts at Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

Several other equities research analysts have also issued reports on VRNT. Wedbush lowered shares of Verint Systems from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 26th. TD Cowen downgraded shares of Verint Systems from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 25th. Rosenblatt Securities cut Verint Systems from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $40.00 to $20.50 in a report on Monday, August 25th. Needham & Company LLC cut Verint Systems from a "buy" rating to a "hold" rating in a report on Monday, August 25th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and issued a $20.50 price objective (down from $29.00) on shares of Verint Systems in a report on Tuesday, August 26th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $26.33.

Verint Systems Stock Performance

NASDAQ:VRNT traded up $0.02 during trading hours on Friday, reaching $20.27. The company's stock had a trading volume of 2,634,091 shares, compared to its average volume of 1,568,832. The company has a market capitalization of $1.23 billion, a P/E ratio of 16.07, a price-to-earnings-growth ratio of 0.89 and a beta of 1.50. Verint Systems has a 12 month low of $14.15 and a 12 month high of $34.80. The stock has a 50 day moving average price of $20.19 and a two-hundred day moving average price of $19.19.

Verint Systems (NASDAQ:VRNT - Get Free Report) last released its quarterly earnings results on Tuesday, September 2nd. The technology company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.07. The business had revenue of $165.52 million for the quarter, compared to analyst estimates of $200.43 million. Verint Systems had a net margin of 6.87% and a return on equity of 11.06%. The business's revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.49 earnings per share. As a group, analysts predict that Verint Systems will post 1.92 EPS for the current fiscal year.

Institutional Trading of Verint Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in VRNT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Verint Systems by 148.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,175,147 shares of the technology company's stock worth $38,826,000 after buying an additional 1,299,085 shares during the last quarter. Global Alpha Capital Management Ltd. increased its holdings in shares of Verint Systems by 41.0% during the 2nd quarter. Global Alpha Capital Management Ltd. now owns 2,468,603 shares of the technology company's stock worth $48,557,000 after buying an additional 718,000 shares during the last quarter. Invenomic Capital Management LP increased its holdings in shares of Verint Systems by 116.5% during the 1st quarter. Invenomic Capital Management LP now owns 1,155,532 shares of the technology company's stock worth $20,626,000 after buying an additional 621,707 shares during the last quarter. Philosophy Capital Management LLC acquired a new stake in shares of Verint Systems during the 1st quarter worth approximately $10,168,000. Finally, Nuveen LLC acquired a new stake in shares of Verint Systems during the 1st quarter worth approximately $8,758,000. Institutional investors and hedge funds 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.

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