FBR Capital Maintains a 'Market Perform' on Verint Systems (VRNT); Delivers Solid January Results
Get Alerts VRNT Hot Sheet
Price: $33.42 +7.49%
Rating Summary:
6 Buy, 5 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
Rating Summary:
6 Buy, 5 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
Join SI Premium – FREE
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.
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Recruit Holdings Co., Ltd (6098:JP) (RCRUY) PT Raised to JPY7,800 at Jefferies, 'emerged stronger since the last earnings season'
- Teleperformance (TEP:FP) (TLPFY) PT Lowered to EUR125 at RBC Capital, 'perceived risk profile makes it a no-fly zone for many investors'
- BofA Securities Upgrades Estee Lauder (EL) to Buy; 'Earnings have bottomed'
Create E-mail Alert Related Categories
Analyst CommentsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!