Verint Systems (VRNT) Releases Earnings Results, Beats Expectations By $0.05 EPS

Verint Systems (VRNT) reported quarterly earnings results on Tuesday, Jun-7-2016. The company said it had a profit of $0.46 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.41. The company posted revenue of $249.00 million in the period, compared to analysts expectations of $250.66 million. The company’s revenue was down -7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS.

Many Wall Street Analysts have commented on Verint Systems. Shares were Reiterated by Imperial Capital on Apr 5, 2016 to “Outperform” and Lowered the Price Target to $ 40 from a previous price target of $55 .Shares were Downgraded by Deutsche Bank on Mar 30, 2016 to ” Hold” and Lowered the Price Target to $ 35 from a previous price target of $50 .Verint Systems was Downgraded by Credit Suisse to ” Underperform” on Mar 30, 2016.

Verint Systems closed down -0.45 points or -1.32% at $33.61 with 4,61,696 shares getting traded on Friday. Post opening the session at $33.85, the shares hit an intraday low of $33.24 and an intraday high of $34.61 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Apr 15, 2016, Peter Fante (Chief Legal Officer & CCO) sold 9,413 shares at $35.38 per share price. According to the SEC, on Apr 14, 2016, Elan Moriah (President, EIS & VIS) sold 2,178 shares at $34.90 per share price. On Apr 14, 2016, Douglas Robinson (Chief Financial Officer) sold 1,380 shares at $34.90 per share price, according to the Form-4 filing with the securities and exchange commission.

Verint Systems Inc. is a company engaged in Actionable Intelligence solutions. The Company’s Actionable Intelligence solutions address: Customer Engagement Optimization; Security Intelligence; and Fraud Risk and Compliance. The Company offers services such as strategic consulting implementation services training maintenance and 24 x 7 support as well as deployment models including on premises hosted managed services and software as a service (SaaS). The Company has three operating segments. The Company addresses the Customer Engagement Optimization market opportunity through solutions from its Enterprise Intelligence Solution segment. It addresses the Security Intelligence market opportunity through solutions from its Communications and Cyber Intelligence Solutions and Video and Situation Intelligence Solutions and it addresses the Fraud Risk and Compliance market opportunity through solutions from all the three operating segments.

Verint Systems

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