Verint Systems (VRNT) Releases Earnings Results, Beats Expectations By $0.03 EPS

Verint Systems (VRNT) announced its most recent quarterly financial results on Wednesday, Sep-7-2016. VRNT said it had a profit of $0.57 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.54. The company posted revenue of $264.20 million in the period, compared to analysts expectations of $265.40 million. VRNT’s revenue was down -11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS.

Verint Systems opened for trading at $34.12 and hit $35.1 on the upside on Thursday, eventually ending the session at $35.1, with a gain of 2.87% or 0.98 points. The heightened volatility saw the trading volume jump to 5,32,471 shares. Company has a market cap of $2,183 M.

In a different news, on Jun 21, 2016, Douglas Robinson (Chief Financial Officer) sold 1,881 shares at $35.34 per share price. According to the SEC, on Jun 21, 2016, Elan Moriah (President, EIS & VIS) sold 2,938 shares at $35.34 per share price. On Jun 21, 2016, Peter Fante (Chief Legal Officer & CCO) sold 1,323 shares at $35.34 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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