Verint Systems (VRNT) PT Rises To $63 At JPMorgan On Beat/Raise

March 28, 2019 6:23 AM EDT
Get Alerts VRNT Hot Sheet
Price: $42.29 -0.35%

Rating Summary:
    8 Buy, 2 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 12 | Down: 25 | New: 41
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JPMorgan analyst, Paul Coster, reiteratred his Overweight rating on shares of Verint Systems (NASDAQ: VRNT) and raised his price target to $63.00 (from $59.00) after the company reported F4Q EPS of $1.08 on revenue of $337mm, beating the Street consensus of $1.01/$333mm. Revenue from Customer Engagement was slightly higher while Cyber Intelligence revenue was slightly lower. Gross margin was 69.8%, driving the PF operating margin to 26.2%.

The analyst stated "The company expects double-digit revenue growth and margin expansion to continue for the next several years, driven by Cloud adoption". "VRNT is trading at 14.6x CY19 PF EPS, a ~36% discount to its near peer NICE, and a steep discount to the broader peer group. Our YE19 price target goes to $63 from $59 based on an assigned multiple of 16x revised CY20 PF EPS. We believe accelerating growth – if sustained into CY19 – could easily justify a positive re-rating of the stock."

For an analyst ratings summary and ratings history on Verint Systems click here. For more ratings news on Verint Systems click here.

Shares of Verint Systems closed at $51.54 yesterday.



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