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

September 6, 2018 8:14 AM EDT
Get Alerts VRNT Hot Sheet
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
Trade Now! 
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

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).

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities

JPMorgan, Earnings