Verint Systems' (VRNT) Sell (D+) Rating Reiterated at Weiss Ratings

Key Points

• Verint Systems' stock has received a reiterated "sell (d+)" rating from Weiss Ratings, reflecting ongoing concerns about the company's performance.
• Multiple analysts have downgraded Verint's stock in recent reports, with several shifting from "buy" to "hold" ratings and revisions to their price targets.
• Despite a recent quarterly earnings report that exceeded earnings estimates, Verint's revenue fell short of projections, indicating challenges in maintaining growth.

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

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

Verint Systems Stock Performance

Shares of VRNT traded up $0.01 during mid-day trading on Wednesday, reaching $20.26. The company had a trading volume of 522,759 shares, compared to its average volume of 1,352,347. The firm has a 50-day moving average price of $20.30 and a 200 day moving average price of $19.04. Verint Systems has a 52 week low of $14.15 and a 52 week high of $34.80. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 28.54, a price-to-earnings-growth ratio of 0.89 and a beta of 1.50.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted 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 valued at $38,826,000 after purchasing an additional 1,299,085 shares during the last quarter. Global Alpha Capital Management Ltd. boosted 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 valued at $48,557,000 after purchasing an additional 718,000 shares during the last quarter. Invenomic Capital Management LP boosted 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 valued at $20,626,000 after purchasing an additional 621,707 shares during the last quarter. Philosophy Capital Management LLC bought a new position in shares of Verint Systems in the 1st quarter valued at about $10,168,000. Finally, Nuveen LLC bought a new position in shares of Verint Systems in the 1st quarter valued at about $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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.