Imperial Capital Maintains Verint Systems to Outperform with Price Target $43.00

Brokerage firm Imperial Capital Maintains its rating on Verint Systems(NASDAQ:VRNT). In a research note issued to the investors, the brokerage major Raises the price-target to $43.00 per share. The shares have been rated Outperform. The rating by Imperial Capital was issued on Sep 12, 2016.

In a different note, On Sep 8, 2016, JP Morgan said it Maintains its rating on Verint Systems. In the research note, the firm Raises the price-target to $43.00 per share. The shares have been rated ‘Overweight’ by the firm. On Sep 8, 2016, Deutsche Bank said it Maintains its rating on Verint Systems. In the research note, the firm Raises the price-target to $35.00 per share. The shares have been rated ‘Hold’ by the firm.

Verint Systems (VRNT) made into the market gainers list on Tuesdays trading session with the shares advancing 1.03% or 0.38 points. Due to strong positive momentum, the stock ended at $37.14, which is also near the day’s high of $37.27. The stock began the session at $36.78 and the volume stood at 6,87,813 shares. The 52-week high of the shares is $49.7 and the 52 week low is $29.76. The company has a current market capitalization of $2,345 M and it has 6,31,38,821 shares in outstanding.

Verint Systems(VRNT) last announced its earnings results on Sep 7, 2016 for Fiscal Year 2017 and Q2.Company reported revenue of $264.15M. Analysts had an estimated revenue of $264.71M. Earnings per share were $0.57. Analysts had estimated an EPS of $0.54.

Several Insider Transactions has been reported to the SEC. On Jun 21, 2016, Douglas Robinson (Chief Financial Officer) sold 1,881 shares at $35.34 per share price.Also, 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.

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