Verint Systems (VRNT) Receives a Buy from Needham


Needham analyst Ryan MacDonald assigned a Buy rating to Verint Systems (VRNT) today and set a price target of $53.00. The company’s shares closed last Friday at $47.53.

According to TipRanks.com, MacDonald is a 5-star analyst with an average return of 27.9% and a 78.7% success rate. MacDonald covers the Technology sector, focusing on stocks such as ChannelAdvisor, Coupa Software, and Liveperson.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Verint Systems with a $54.50 average price target.

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Based on Verint Systems’ latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $339 million and net profit of $4.87 million. In comparison, last year the company earned revenue of $330 million and had a net profit of $27.31 million.

Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VRNT in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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. The Cyber Intelligence Solutions segment addresses the security intelligence market. The Video and Situation Intelligence Solutions segment handles the fraud, risk, and compliance market. The company was founded in February 1994 and is headquartered in Melville, NY.

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