Could Verint Systems Inc. (VRNT) Skyrocket Even More? The Stock Just Made 52-Week High

July 16, 2018 - By Jason Dias

Verint Systems Inc. (NASDAQ:VRNT) Logo

Investors sentiment decreased to 1.11 in 2018 Q1. Its down 0.11, from 1.22 in 2017Q4. It dropped, as 23 investors sold Verint Systems Inc. shares while 73 reduced holdings. 39 funds opened positions while 68 raised stakes. 57.72 million shares or 2.41% less from 59.15 million shares in 2017Q4 were reported.
448,802 were reported by Morgan Stanley. Israel-based Menora Mivtachim Holdings has invested 0.38% in Verint Systems Inc. (NASDAQ:VRNT). Metropolitan Life Company New York invested in 20,173 shares. Mufg Americas has invested 0% of its portfolio in Verint Systems Inc. (NASDAQ:VRNT). State Street has 0% invested in Verint Systems Inc. (NASDAQ:VRNT) for 1.31 million shares. Century stated it has 35,436 shares. Cornercap Inv Counsel reported 0.12% of its portfolio in Verint Systems Inc. (NASDAQ:VRNT). Peak6 L P owns 0% invested in Verint Systems Inc. (NASDAQ:VRNT) for 19,845 shares. Connor Clark & Lunn Invest Limited has invested 0.01% in Verint Systems Inc. (NASDAQ:VRNT). Proshare Advsr Limited Liability Company reported 11,112 shares. Moreover, Amalgamated Comml Bank has 0.01% invested in Verint Systems Inc. (NASDAQ:VRNT). Convergence Inv Prns Llc holds 111,296 shares. Dekabank Deutsche Girozentrale accumulated 850 shares or 0% of the stock. Laurion Capital Mgmt L P stated it has 10,200 shares or 0% of all its holdings. Ameritas Ptnrs stated it has 0.01% of its portfolio in Verint Systems Inc. (NASDAQ:VRNT).

The stock of Verint Systems Inc. (NASDAQ:VRNT) hit a new 52-week high and has $52.19 target or 9.00 % above today’s $47.88 share price. The 7 months bullish chart indicates low risk for the $3.07B company. The 1-year high was reported on Jul, 16 by Barchart.com. If the $52.19 price target is reached, the company will be worth $275.85 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 1.29% or $0.62 during the last trading session, reaching $47.88. About 138,793 shares traded. Verint Systems Inc. (NASDAQ:VRNT) has risen 6.27% since July 16, 2017 and is uptrending. It has underperformed by 6.30% the S&P500.

Analysts await Verint Systems Inc. (NASDAQ:VRNT) to report earnings on September, 5. They expect $0.41 earnings per share, up 17.14 % or $0.06 from last year’s $0.35 per share. VRNT’s profit will be $26.25 million for 29.20 P/E if the $0.41 EPS becomes a reality. After $0.31 actual earnings per share reported by Verint Systems Inc. for the previous quarter, Wall Street now forecasts 32.26 % EPS growth.

Verint Systems Inc. (NASDAQ:VRNT) Ratings Coverage

Among 3 analysts covering Verint Systems Inc (NASDAQ:VRNT), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Verint Systems Inc had 5 analyst reports since March 29, 2018 according to SRatingsIntel. Oppenheimer maintained the stock with “Buy” rating in Tuesday, May 29 report. RBC Capital Markets maintained the shares of VRNT in report on Thursday, March 29 with “Buy” rating. The stock of Verint Systems Inc. (NASDAQ:VRNT) earned “Buy” rating by Oppenheimer on Friday, June 8. The rating was maintained by Oppenheimer with “Buy” on Thursday, May 17. Imperial Capital upgraded Verint Systems Inc. (NASDAQ:VRNT) rating on Thursday, May 31. Imperial Capital has “Outperform” rating and $49.5 target.

Another recent and important Verint Systems Inc. (NASDAQ:VRNT) news was published by Businesswire.com which published an article titled: “Verint Technology Named Among Top 67 Money-Saving Products for 2018” on July 09, 2018.

Verint Systems Inc. provides actionable intelligence solutions and value-added services worldwide. The company has market cap of $3.07 billion. The Company’s Customer Engagement Solutions segment provides voice of the customer solutions, including interaction analytics, enterprise feedback, and digital feedback; workforce optimization solutions, such as intelligent recording, analytics-driven quality, coaching/learning, workforce management, work allocation, desktop and process analytics, robotic process automation, and performance management; employee engagement solutions comprising workforce optimization, knowledge management, employee desktop, case management, internal communities, gamification, mobile workforce apps, and voice of the employee; engagement channel solutions consisting of Web/mobile self-service, voice self-service, customer communities, email/secure messaging, Web chat, co-browse, mobile messaging, and social engagement; and security, fraud, and compliance solutions, including compliance recording, fraud and identity analytics, trading compliance, branch surveillance and investigation, and public safety compliance. It has a 278.34 P/E ratio. The companyÂ’s Cyber Intelligence Solutions segment offers security and intelligence data mining software solutions, which are used for a range of applications, such as predictive intelligence, advanced and complex investigations, security threat analysis, and electronic data and physical assets protection, as well as for generating legal evidence and preventing criminal activity and terrorism.

Verint Systems Inc. (NASDAQ:VRNT) Institutional Positions Chart

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