Oppenheimer Believes Verint Systems Inc (VRNT) Won’t Stop Here

In a report released today, Shaul Eyal from Oppenheimer reiterated a Buy rating on Verint Systems Inc (NASDAQ: VRNT), with a price target of $49. The company’s shares closed yesterday at $44.05, close to its 52-week high of $45.

Eyal commented:

“For F1Q18 (ended a non-GAAP basis, VRNT posted $0.53/$292M, with revenue +10%, beating the consensus $0.48/$281M forecasts. Customer Engagement generated $189M, up 8% y/y, and Cyber Intelligence generated $103M, up 13%. VRNT is seeing strong ongoing momentum driven by solid trends across the globe, and management reiterated its solid guidance for the year. The Customer Engagement business continues to see demand for its solutions, and margins should increase as the year unfolds. We believe significant potential exists for the Cyber Intelligence business to accelerate revenue growth and, at the same time, significantly improve margins. We reiterate our Outperform rating and $49 price target.”

According to TipRanks.com, Eyal is a top 100 analyst with an average return of 14.9% and a 67.1% success rate. Eyal covers the Technology sector, focusing on stocks such as Nuance Communications, Varonis Systems, and Proofpoint Inc.

Currently, the analyst consensus on Verint Systems Inc is Strong Buy and the average price target is $49.50, representing a 12.4% upside.

In a report issued on May 31, Imperial Capital also upgraded the stock to Buy with a $49.50 price target.

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Based on Verint Systems Inc’s latest earnings release for the quarter ending April 30, the company reported a quarterly GAAP net loss of $2.22 million. In comparison, last year the company had a GAAP net loss of $19.79 million.

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Verint Systems, Inc. engages in the provision of actionable intelligence. It operates through the following segments: Enterprise Intelligence Solutions, Cyber Intelligence Solutions, and Video and Situation Intelligence Solutions. The Enterprise Intelligence segment includes solutions for customer analytics, engagement management, and workforce optimization.

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