FBR Capital Maintains an 'Market Perform' on Verint Systems (VRNT); Reports Better-Than-Feared April Results
Tweet
Share
E-mailGet Alerts VRNT Hot Sheet
Price: $20.51 --0%
Rating Summary:
3 Buy, 10 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
3 Buy, 10 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
FBR Capital maintains an 'Market Perform' on Verint Systems (NASDAQ: VRNT), PT $38.
FBR analyst says, "This morning, Verint posted mixed April results that were better than feared, in our opinion, as the company slightly missed the Street’s estimates on the top line but beat on the bottom line. While some on the Street may be disappointed by the top-line miss, we believe the company’s good FY12 top-line guidance and good execution on the margin front will be the highlights from the quarter. Particularly, we believe the company is poised for balanced growth in its workforce optimization and security segments for FY12, a positive dynamic that we believe sets the name up well as both of the company’s growth engines should be contributing mid- to high-single-digit growth over the next 12 to 18 months. To this point, we believe Verint is prudently balancing investments to support future growth and profitability, a tough act, in our opinion, especially now that it is functioning as a typical public company, versus the black-box scenario over the last few years."
"For F2Q12 (July), our revenue and pro forma EPS estimates of $193.5 million and $0.61 remain unchanged. For FY12, our estimates of $781.8 million and $2.56 remain unchanged. We are also introducing our FY13 estimates of $846.3 million and $2.84."
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 $32.85 yesterday.
FBR analyst says, "This morning, Verint posted mixed April results that were better than feared, in our opinion, as the company slightly missed the Street’s estimates on the top line but beat on the bottom line. While some on the Street may be disappointed by the top-line miss, we believe the company’s good FY12 top-line guidance and good execution on the margin front will be the highlights from the quarter. Particularly, we believe the company is poised for balanced growth in its workforce optimization and security segments for FY12, a positive dynamic that we believe sets the name up well as both of the company’s growth engines should be contributing mid- to high-single-digit growth over the next 12 to 18 months. To this point, we believe Verint is prudently balancing investments to support future growth and profitability, a tough act, in our opinion, especially now that it is functioning as a typical public company, versus the black-box scenario over the last few years."
"For F2Q12 (July), our revenue and pro forma EPS estimates of $193.5 million and $0.61 remain unchanged. For FY12, our estimates of $781.8 million and $2.56 remain unchanged. We are also introducing our FY13 estimates of $846.3 million and $2.84."
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 $32.85 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fiserv (FISV) PT Lowered to $60 at Freedom Broker
- JD.com (JD) Reiterated at Buy by Benchmark Amid Earnings Recovery
- KinderCare Learning Companies (KLC) PT Lowered to $4.50 at UBS
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!
