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Verint Systems Inc (VRNT) Receives a Buy from Oppenheimer


Oppenheimer analyst Shaul Eyal maintained a Buy rating on Verint Systems Inc (VRNT) today and set a price target of $58. The company’s shares opened today at $42.31.

Eyal observed:

“On a non-GAAP basis, VRNT posted with revenue +9%, beating the consensus $0.75/$301M forecast. It is reaping the rewards of past investments as well as of strong execution and healthy demand across regions. Customer Engagement grew 9% y/y, and Cyber-Intelligence, 7%. VRNT’s capabilities in advanced technologies such as machine learning and robotics are enabling customers to improve their efficiency. In advanced analytics, it is investing to help customers gain insights and achieve business objectives by leveraging real-time shared intelligence. In our view, Cyber-Intelligence is positioned for revenue growth and margin expansion, and Customer Engagement is positioned for steady growth and moderate margin gains. Reiterate Outperform.”

According to TipRanks.com, Eyal is a top 100 analyst with an average return of 14.1% and a 63.8% success rate. Eyal covers the Technology sector, focusing on stocks such as Proofpoint Inc, Nice-Systems, and Mimecast Ltd.

Currently, the analyst consensus on Verint Systems Inc is a Moderate Buy with an average price target of $58.

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Verint Systems Inc’s market cap is currently $2.81B and has a P/E ratio of 72.25. The company has a Price to Book ratio of 2.39.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock.

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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.