Revenue Update on Verint Systems(NASDAQ:VRNT)

Verint Systems(NASDAQ:VRNT) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during After-hours on Jun 7, 2016. Company reported revenue of $248.98M. Analysts estimated a revenue of $250.71M. Earnings per share were $0.46. Analysts had estimated an EPS of $0.41.

In a different note, On Mar 30, 2016, Credit Suisse said it Downgrades its rating on Verint Systems. In the research note, the firm Lowers the price-target to $45.00 per share. The shares have been rated ‘Underperform’ by the firm. On Mar 30, 2016, Deutsche Bank said it Downgrades its rating on Verint Systems. In the research note, the firm Lowers the price-target to $50.00 per share. The shares have been rated ‘Hold’ by the firm. On Mar 30, 2016, JP Morgan said it Maintains its rating on Verint Systems. In the research note, the firm Lowers the price-target to $56.00 per share. The shares have been rated ‘Overweight’ by the firm.

Verint Systems (VRNT) shares turned negative on Fridays trading session with the shares closing down -0.5 points or -1.35% at a volume of 6,13,942. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $36.89. The peak price level was also seen at $36.89 while the days lowest was $36.19. Finally the shares closed at $36.5. The 52-week high of the shares is $64.235 while the 52-week low is $29.76. According to the latest information available, the market cap of the company is $2,270 M.

Several Insider Transactions has been reported to the SEC. On Apr 15, 2016, Peter Fante (Chief Legal Officer & CCO) sold 9,413 shares at $35.38 per share price.Also, 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.

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