Verint Systems (NASDAQ:VRNT) Announces Earnings Results

Verint Systems (NASDAQ:VRNT - Get Free Report) announced 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. Verint Systems had a net margin of 8.49% and a return on equity of 15.79%. The firm had revenue of $173.62 million during the quarter, compared to the consensus estimate of $194.61 million. During the same quarter in the previous year, the company posted $0.59 earnings per share. The firm's revenue was down 6.0% on a year-over-year basis. Verint Systems updated its FY 2026 guidance to 2.930-2.930 EPS.

Verint Systems Trading Up 6.2%

Verint Systems stock traded up $1.13 during trading hours on Thursday, reaching $19.46. 2,424,534 shares of the company's stock were exchanged, compared to its average volume of 784,036. 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 firm's 50 day simple moving average is $17.09 and its 200 day simple moving average is $22.32. The firm has a market capitalization of $1.17 billion, a PE ratio of 20.70, a PEG ratio of 0.97 and a beta of 1.45. Verint Systems has a twelve month low of $14.15 and a twelve month high of $38.17.

Insider Activity

In other news, Director Stephen J. Gold sold 2,744 shares of the firm's stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $16.07, for a total value of $44,096.08. Following the completion of the sale, the director now directly owns 28,473 shares in the company, valued at $457,561.11. This trade represents a 8.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Peter Fante sold 9,439 shares of the firm's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $16.50, for a total value of $155,743.50. Following the completion of the sale, the insider now owns 20,450 shares of the company's stock, valued at approximately $337,425. This represents a 31.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Verint Systems

A hedge fund recently bought a new stake in Verint Systems stock. Strs Ohio purchased a new position in Verint Systems Inc. (NASDAQ:VRNT - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,600 shares of the technology company's stock, valued at approximately $29,000. Hedge funds and other institutional investors own 94.95% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on VRNT shares. Royal Bank of Canada lowered their target price 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. Evercore ISI lowered their target price on 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. Wall Street Zen lowered Verint Systems from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Needham & Company LLC reaffirmed a "buy" rating and set a $30.00 target price on shares of Verint Systems in a research report on Thursday. Finally, Wedbush reaffirmed an "outperform" rating and set a $30.00 target price on shares of Verint Systems in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Verint Systems currently has an average rating of "Moderate Buy" and a consensus price target of $30.33.

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.