Verint Systems (NASDAQ:VRNT) Releases Quarterly Earnings Results, Misses Estimates By $0.12 EPS

Verint Systems (NASDAQ:VRNT - Get Free Report) released its quarterly earnings results on Wednesday. The technology company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.12), RTT News reports. The business had revenue of $173.62 million during the quarter, compared to analysts' expectations of $194.61 million. Verint Systems had a net margin of 8.49% and a return on equity of 15.79%. The company's quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.59 earnings per share. Verint Systems updated its FY 2026 guidance to 2.930-2.930 EPS.

Verint Systems Price Performance

Shares of NASDAQ VRNT traded up $0.31 during trading on Friday, hitting $19.09. The company had a trading volume of 1,416,103 shares, compared to its average volume of 817,137. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 20.31, a price-to-earnings-growth ratio of 0.97 and a beta of 1.41. The stock has a fifty day simple moving average of $17.13 and a two-hundred day simple moving average of $22.26. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47. Verint Systems has a fifty-two week low of $14.15 and a fifty-two week high of $38.17.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Royal Bank of Canada lowered their price target on Verint Systems from $36.00 to $29.00 and set an "outperform" rating for the company in a research report on Thursday, March 27th. Wall Street Zen cut shares of Verint Systems from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Evercore ISI decreased their price objective on shares of Verint Systems from $34.00 to $23.00 and set an "in-line" rating for the company in a research report on Thursday, March 27th. Wedbush restated an "outperform" rating and set a $30.00 target price on shares of Verint Systems in a research report on Wednesday. Finally, Cowen restated a "buy" rating on shares of Verint Systems in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $30.33.

Insider Transactions at Verint Systems

In related news, insider Peter Fante sold 9,439 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $16.50, for a total transaction of $155,743.50. Following the completion of the sale, the insider now directly owns 20,450 shares in the company, valued at approximately $337,425. The trade was a 31.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen J. Gold sold 2,744 shares of the firm's stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $16.07, for a total value of $44,096.08. Following the completion of the transaction, the director now owns 28,473 shares in the company, valued at $457,561.11. The trade was a 8.79% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company's stock.

Hedge Funds Weigh In On Verint Systems

An institutional investor recently bought a new position in Verint Systems stock. Strs Ohio bought a new position in Verint Systems Inc. (NASDAQ:VRNT - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 1,600 shares of the technology company's stock, valued at approximately $29,000. 94.95% of the stock is owned by hedge funds and other institutional investors.

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.