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FBR Capital Maintains a 'Market Perform' on Verint Systems (VRNT); Delivers Solid January Results

April 6, 2011 6:58 AM EDT
Get Alerts VRNT Hot Sheet
Price: $33.42 +7.49%

Rating Summary:
    6 Buy, 5 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
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FBR Capital maintains a 'Market Perform' on Verint Systems (NASDAQ: VRNT), raises PT from $34 to $38.

FBR analyst says, "Last night, Verint posted solid F4Q (January) results, as the company beat our expectations and those of the Street on both the top and bottom lines. Particularly, we were impressed by the company’s top-line strength during the quarter, as the company’s execution on the workforce optimization front was the major bright spot with the pipeline on the security business appearing to have some nice secular/product tailwinds heading into the next few quarters. On the bottom line we also applaud the company for showing a better-than-expected operating margin performance, as Verint’s ability to manage growth and profitability remains a tough balancing act in our opinion. To this point we believe Verint is prudently planning investment to support future growth now that the company is functioning as a typical public company, versus the black box scenario over the last few years." (Raises FY11 EPS estimate from $2.65 to $2.85, but lowers FY12 from $2.63 to $2.56)
For more ratings news on Verint Systems click here and for the rating history of Verint Systems click here.

Shares of Verint Systems closed at $36.61 yesterday.


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