Verint Systems Inc (VRNT) Receives a Buy from Wedbush


Wedbush analyst Daniel Ives maintained a Buy rating on Verint Systems Inc (VRNT) today and set a price target of $70. The company’s shares closed yesterday at $57.46.

According to TipRanks.com, Ives is a 4-star analyst with an average return of 5.4% and a 56.4% success rate. Ives covers the Technology sector, focusing on stocks such as Nuance Communications, Uber Technologies Inc, and Pivotal Software Inc.

Currently, the analyst consensus on Verint Systems Inc is a Strong Buy with an average price target of $69, implying a 20.1% upside from current levels. In a report issued on May 21, Jefferies also maintained a Buy rating on the stock with a $72 price target.

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Based on Verint Systems Inc’s latest earnings release for the quarter ending January 31, the company reported a quarterly net profit of $27.31 million. In comparison, last year the company had a GAAP net loss of $2.22 million.

Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock.

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Verint Systems, Inc. engages in providing 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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