Verint Systems (VRNT) PT Raised to $60 at JPMorgan Following 2Q

September 6, 2018 8:14 AM EDT
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Price: $42.74 +0.73%

Rating Summary:
    8 Buy, 2 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 22 | Down: 26 | New: 45
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JPMorgan analyst Paul Coster raised the price target on Verint Systems (NASDAQ: VRNT) to $60.00 (from $55.00) while maintaining a Overweight rating following the company's 2Q earnings report. VRNT reported F2Q PF EPS of $0.76 on PF revenue of $308.5mm, beating expectations (Street $0.62/$296mm). The revenue upside was driven by both the Customer Engagement and Cyber Intelligence segments.

VRNT increased its FY19 guidance to ~$3.15 PF EPS on ~$1,240mm in revenue, from ~$3.09/~$1,230mm previously (Street: $3.12/$1,229mm).



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