Verint Systems (NASDAQ:VRNT) Lowered to Hold Rating by Wedbush

Key Points

• Verint Systems has been downgraded from a "strong-buy" rating to a "hold" rating by Wedbush, following similar moves by other research firms such as TD Cowen and Rosenblatt Securities.
• The company's recent earnings report showed a significant miss in both EPS and revenue, indicating a challenging financial performance as revenue decreased by 6% year-over-year.
• Despite the downgrades, Verint Systems holds a consensus rating of "hold" with an average target price of $27.71 among analysts.

Verint Systems (NASDAQ:VRNT - Get Free Report) was downgraded by equities research analysts at Wedbush from a "strong-buy" rating to a "hold" rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other research analysts have also recently weighed in on the stock. TD Cowen cut shares of Verint Systems from a "strong-buy" rating to a "hold" rating in a research report on Monday. Cowen reiterated a "buy" rating on shares of Verint Systems in a report on Wednesday, June 4th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $20.50 price target (down previously from $29.00) on shares of Verint Systems in a research note on Tuesday. Rosenblatt Securities lowered shares of Verint Systems from a "buy" rating to a "hold" rating and reduced their price target for the company from $40.00 to $20.50 in a research report on Monday. Finally, Needham & Company LLC cut Verint Systems from a "buy" rating to a "hold" rating in a report on Monday. One equities research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $27.71.

Verint Systems Price Performance

VRNT opened at $20.34 on Tuesday. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 24.81, a price-to-earnings-growth ratio of 0.81 and a beta of 1.46. The company's 50 day simple moving average is $20.22 and its two-hundred day simple moving average is $19.69. Verint Systems has a 1-year low of $14.15 and a 1-year high of $34.80.

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

Institutional Investors Weigh In On Verint Systems

A number of large investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its stake in shares of Verint Systems by 54.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 173,476 shares of the technology company's stock worth $3,093,000 after purchasing an additional 61,284 shares in the last quarter. Asset Management One Co. Ltd. raised its position in shares of Verint Systems by 7.3% during the 1st quarter. Asset Management One Co. Ltd. now owns 87,780 shares of the technology company's stock worth $1,567,000 after acquiring an additional 6,007 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in Verint Systems by 14.8% during the first quarter. Teacher Retirement System of Texas now owns 46,735 shares of the technology company's stock worth $834,000 after purchasing an additional 6,025 shares during the last quarter. Parallel Advisors LLC lifted its stake in Verint Systems by 14,079.2% during the first quarter. Parallel Advisors LLC now owns 3,403 shares of the technology company's stock worth $61,000 after purchasing an additional 3,379 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Verint Systems by 1.5% in the fourth quarter. Northern Trust Corp now owns 639,234 shares of the technology company's stock valued at $17,547,000 after purchasing an additional 9,361 shares in the last quarter. 94.95% of the stock is owned by hedge funds and other institutional investors.

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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