Verint Systems (NASDAQ:VRNT) Stock Rating Lowered by TD Cowen

Key Points

• TD Cowen downgraded Verint Systems from a "strong-buy" rating to a "hold" rating, reflecting a more cautious outlook on the company's performance.
• Verint Systems reported earnings of $0.29 per share, falling short of the consensus estimate of $0.41, with revenue declining by 6% year-over-year.
• Currently, Verint Systems has a consensus rating of "Hold" from analysts, with a target price of $27.71 based on recent evaluations.

Verint Systems (NASDAQ:VRNT - Get Free Report) was downgraded by stock analysts at TD Cowen from a "strong-buy" rating to a "hold" rating in a report issued on Monday,Zacks.com reports.

A number of other research analysts also recently issued reports on VRNT. Wedbush reissued an "outperform" rating and set a $30.00 price objective on shares of Verint Systems in a research report on Wednesday, June 4th. Rosenblatt Securities lowered shares of Verint Systems from a "buy" rating to a "hold" rating and cut their target price for the company from $40.00 to $20.50 in a research note on Monday. Needham & Company LLC cut shares of Verint Systems from a "buy" rating to a "hold" rating in a research report on Monday. Cowen reissued a "buy" rating on shares of Verint Systems in a research note on Wednesday, June 4th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $20.50 price objective (down from $29.00) on shares of Verint Systems in a research report on Tuesday. One research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $27.71.

Verint Systems Stock Performance

NASDAQ VRNT opened at $20.34 on Monday. Verint Systems has a fifty-two week low of $14.15 and a fifty-two week high of $34.80. The stock has a 50 day simple moving average of $20.22 and a two-hundred day simple moving average of $19.69. The stock has a market cap of $1.22 billion, a P/E ratio of 24.81, a price-to-earnings-growth ratio of 0.81 and a beta of 1.46.

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

Hedge Funds Weigh In On Verint Systems

A number of institutional investors and hedge funds have recently made changes to their positions in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Verint Systems by 148.3% during the first 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 valued at $38,826,000 after purchasing an additional 1,299,085 shares during the last quarter. Global Alpha Capital Management Ltd. increased its position in 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 valued at $48,557,000 after buying an additional 718,000 shares in the last quarter. Invenomic Capital Management LP raised its stake in Verint Systems by 116.5% during the first quarter. Invenomic Capital Management LP now owns 1,155,532 shares of the technology company's stock valued at $20,626,000 after buying an additional 621,707 shares during the last quarter. Philosophy Capital Management LLC bought a new stake in Verint Systems in the first quarter worth $10,168,000. Finally, Nuveen LLC purchased a new stake in shares of Verint Systems in the first quarter worth $8,758,000. 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.

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