In today’s recent session, 1,309,186 shares of the Verint Systems Inc.(NASDAQ:VRNT) have been traded, and its beta is 0.89. Most recently the company’s share price was $46.86, and it changed around $0.01 or 0% from the last close, which brings the market valuation of the company to $3.07 Billion. VRNT at last check was trading at a discount to its 52-week high of $52.7, offering almost -12.46% off that amount. The share price’s 52-week low was $19.77, which indicates that the recent value has risen by an impressive 57.81% since then. We note from Verint Systems Inc.’s average daily trading volume that its 10-day average is 1.35 Million shares, with the 3-month average coming to 1.23 Million.
Verint Systems Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 1.6. If we narrow it down even further, the data shows that none out of 7 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended VRNT as a Hold, whereas 7 deemed it a Buy, and no one rated it as Underweight. Verint Systems Inc. is expected to report earnings per share of $0.36 for the current quarter.
Verint Systems Inc. (NASDAQ:VRNT): Trading Information Today
Instantly VRNT has been showing a green trend so far today with a performance of 0.02% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $47.52 on Wednesday, Apr 07 increased the stock’s daily price by 1.16%. The company’s shares are currently up 0.4% year-to-date, but still up 0.0473 over the last five days. On the other hand, Verint Systems Inc. (NASDAQ:VRNT) is -0.02% down in the 30-day period. We can see from the shorts that 6.4 Million shares have been sold at a short interest cover period of 5.2 day(s).
The consensus price target as assigned by Wall Street analysts is $60, which translates to bears needing to increase their stock price by 28.04% from its current value. Analyst projections state that VRNT is forecast to be at a low of $55 and a high of $67. In order for the stock price to hit the forecast high, the stock would need to surge +42.98% from its current level, while the stock would need to crash 17.37% from its current level to reach the projected low.
Verint Systems Inc. (VRNT) projections and forecasts
Verint Systems Inc. share prices are not performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +87.47 percent over the past six months and at a -39.72% annual growth rate that is well below the industry average of 2.1%. However, despite this, analysts have decided to cut back on their fiscal year 2021 revenue estimates. The rating firms predict that it will lose -30.8% in revenue this quarter, and will report a decline of -50.9% in the next quarter. The year-over-year growth rate is expected to be -33.1%, down from the previous year.
Consensus estimates provided by 7 financial analysts predict the company will bring in an average of $196.74 Million in revenue for the current quarter. 7 analysts expect Verint Systems Inc. to make $208.77 Million in revenue for the quarter ending July 01, 2021. The company’s sales for the same quarter a year ago was $291.65 Million. Analysts predict that the company’s current quarter sales will drop, forecast at -32.5%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -23%. Verint Systems Inc. earnings are expected to decrease by -153.8% in 2021, but the outlook is positive 14% per year for the next five years.
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Verint Systems Inc. (NASDAQ:VRNT)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 2.98% of Verint Systems Inc. shares, and 100.22% of them are in the hands of institutional investors. The stock currently has a share float of 103.29%. Verint Systems Inc. stock is held by 361 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Dec 30, 2020, it held 8.73% of the shares, which is about 5.75 Million shares worth $385.97 Million.
Blackrock Inc., with 7.54% or 4.96 Million shares worth $333.3 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Dec 30, 2020. The former held 1617699 shares worth $108.68 Million, making up 2.46% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 1.59 Million shares worth around $78.39 Million, which represents about 2.42% of the total shares outstanding.