Needham Sticks to Its Buy Rating for Verint Systems (VRNT)


In a report released today, Ryan MacDonald from Needham reiterated a Buy rating on Verint Systems (VRNT), with a price target of $57.00. The company’s shares closed last Monday at $47.81.

According to TipRanks.com, MacDonald is a 5-star analyst with an average return of 17.3% and a 68.8% success rate. MacDonald covers the Technology sector, focusing on stocks such as ChannelAdvisor, Coupa Software, and Instructure.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Verint Systems with a $57.50 average price target.

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Based on Verint Systems’ latest earnings release for the quarter ending July 31, the company reported a quarterly net profit of $10.56 million. In comparison, last year the company had a net profit of $18.92 million.

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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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