Verint Systems (NASDAQ:VRNT) Sees Large Volume Increase - Should You Buy?
Verint Systems (NASDAQ:VRNT) experienced a significant increase in trading volume, with shares rising 1.3% to $20.5050. Analysts have mixed ratings, with one Buy, seven Hold, and one Sell. The stock has a consensus target price of $26.33. Verint's recent earnings exceeded expectations, but revenue declined slightly year-over-year. Institutional investors hold 94.95% of the stock. The company provides customer engagement solutions globally.
Verint Systems Inc. (NASDAQ:VRNT - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 6,164,822 shares traded hands during trading, an increase of 340% from the previous session's volume of 1,400,259 shares.The stock last traded at $20.5050 and had previously closed at $20.24.
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Analyst Upgrades and Downgrades
- Verint Systems' AI Bots Revolutionize Customer Service Efficiency
A number of research analysts have weighed in on the company. Royal Bank Of Canada reissued a "sector perform" rating and issued a $20.50 target price (down previously from $29.00) on shares of Verint Systems in a report on Tuesday, August 26th. Weiss Ratings reiterated a "sell (d+)" rating on shares of Verint Systems in a report on Wednesday, October 8th. Wedbush downgraded shares of Verint Systems from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 26th. Needham & Company LLC downgraded shares of Verint Systems from a "buy" rating to a "hold" rating in a report on Monday, August 25th. Finally, TD Cowen cut Verint Systems from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 25th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $26.33.
Read Our Latest Research Report on Verint Systems
Verint Systems Trading Up 1.3%
- 3 Promising Small-Cap AI Stocks for the Next Market Rally
The company has a market capitalization of $1.24 billion, a PE ratio of 28.88, a price-to-earnings-growth ratio of 0.89 and a beta of 1.52. The stock's 50-day moving average is $20.27 and its two-hundred day moving average is $19.79.
Verint Systems (NASDAQ:VRNT - Get Free Report) last issued its quarterly earnings results on Tuesday, September 2nd. The technology company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.07. The firm had revenue of $165.52 million for the quarter, compared to the consensus estimate of $200.43 million. Verint Systems had a return on equity of 11.06% and a net margin of 6.87%.The company's revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.49 earnings per share. On average, equities research analysts forecast that Verint Systems Inc. will post 1.92 EPS for the current fiscal year.
Institutional Investors Weigh In On Verint Systems
- MarketBeat Week in Review – 6/3 - 6/7
Several large investors have recently added to or reduced their stakes in VRNT. Strs Ohio bought a new position in Verint Systems in the 1st quarter worth about $29,000. Caitong International Asset Management Co. Ltd grew its stake in Verint Systems by 2,180.6% in the second quarter. Caitong International Asset Management Co. Ltd now owns 1,642 shares of the technology company's stock worth $32,000 after purchasing an additional 1,570 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Verint Systems during the 1st quarter worth $40,000. EverSource Wealth Advisors LLC raised its position in Verint Systems by 114.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,055 shares of the technology company's stock valued at $40,000 after purchasing an additional 1,098 shares in the last quarter. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Verint Systems in the 3rd quarter worth $50,000. 94.95% of the stock is owned by hedge funds and other institutional investors.
About Verint Systems
(Get Free Report)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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