Revenue Update on Verint Systems(NASDAQ:VRNT)

Verint Systems(NASDAQ:VRNT) announced the earnings results for Fiscal Year 2017 and Q4. The results came in during After-Market on Mar 28, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $0.9.

In a different note, Goldman Sachs said it Initiates Coverage On Verint Systems, according to a research note issued on Feb 10, 2017. In the research note, the firm Announces the price-target to $44 per share. The shares have been rated ‘Buy’ by the firm.

Verint Systems (VRNT) shares turned negative on Fridays trading session with the shares closing down -0.2 points or -0.49% at a volume of 4,56,702. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $41.025. The peak price level was also seen at $41.025 while the days lowest was $40.2. Finally the shares closed at $40.4. The 52-week high of the shares is $41.35 while the 52-week low is $29.8. According to the latest information available, the market cap of the company is $2,532 M.

Several Insider Transactions has been reported to the SEC. On Jan 12, 2017, Douglas Robinson (Chief Financial Officer) sold 3,070 shares at $36.81 per share price.Also, On Dec 23, 2016, Peter Fante (Chief Administrative Officer) sold 1,426 shares at $34.94 per share price.On Sep 13, 2016, Larry F Myers (director) sold 4,243 shares at $37.51 per share price, according to the Form-4 filing with the securities and exchange commission.

Verint Systems Inc. is a company engaged in Actionable Intelligence solutions. The Company’s Actionable Intelligence solutions address: Customer Engagement Optimization; Security Intelligence; and Fraud Risk and Compliance. The Company offers services such as strategic consulting implementation services training maintenance and 24 x 7 support as well as deployment models including on premises hosted managed services and software as a service (SaaS). The Company has three operating segments. The Company addresses the Customer Engagement Optimization market opportunity through solutions from its Enterprise Intelligence Solution segment. It addresses the Security Intelligence market opportunity through solutions from its Communications and Cyber Intelligence Solutions and Video and Situation Intelligence Solutions and it addresses the Fraud Risk and Compliance market opportunity through solutions from all the three operating segments.

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