Oppenheimer analyst Shaul Eyal reiterated a Buy rating on Verint Systems Inc (NASDAQ: VRNT) today and set a price target of $58. The company’s shares closed yesterday at $44.89.
Eyal commented:
“Following meetings with senior VRNT management, we reiterate our Outperform rating and $58 price target. Both Customer Engagement (“CE”) and Cyber Intelligence (“CI”) grew 11% y/y last quarter. In our view, VRNT is positioned for accelerating revenue growth, expanded margins, and solid earnings growth. CE’s neutral approach to communications infrastructure enhances its ability to leverage key drivers such as the elevation of an enterprise-wide priority, growing industry adoption of the Cloud, and the rise of Automation technologies. CI’s evolution to a software model magnifies the demand-accelerating impact of increasingly complex cyber threats, a global shortage of security analysts, and the increasing importance of Predictive Intelligence for security efforts.”
According to TipRanks.com, Eyal is a top 100 analyst with an average return of 15.1% and a 64.8% success rate. Eyal covers the Technology sector, focusing on stocks such as Nuance Communications, Varonis Systems, and Proofpoint Inc.
Verint Systems Inc has an analyst consensus of Strong Buy, with a price target consensus of $58.67.
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The company has a one-year high of $52.45 and a one-year low of $37.10. Currently, Verint Systems Inc has an average volume of 365.8K.
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.
