Can Verint Systems Inc. (VRNT)’s Tomorrow be Different? The Stock Just Broke Its High

June 17, 2018 - By Winifred Garcia

Verint Systems Inc. (NASDAQ:VRNT) Logo

Investors sentiment decreased to 1.11 in 2018 Q1. Its down 0.11, from 1.22 in 2017Q4. It is negative, as 23 investors sold Verint Systems Inc. shares while 73 reduced holdings. 39 funds opened positions while 68 raised stakes. 57.72 million shares or 2.41% less from 59.15 million shares in 2017Q4 were reported.
Washington-based Parametric Portfolio Associates Ltd Liability Corp has invested 0% in Verint Systems Inc. (NASDAQ:VRNT). Great West Life Assurance Can holds 7,070 shares or 0% of its portfolio. New York-based Mackay Shields Limited has invested 0.01% in Verint Systems Inc. (NASDAQ:VRNT). Paloma Prns Management stated it has 34,069 shares. Laurion Capital Ltd Partnership invested 0% of its portfolio in Verint Systems Inc. (NASDAQ:VRNT). Oppenheimer Asset Management Inc invested 0.01% of its portfolio in Verint Systems Inc. (NASDAQ:VRNT). Moreover, American Intl Grp Incorporated has 0.01% invested in Verint Systems Inc. (NASDAQ:VRNT). Northern has 0.01% invested in Verint Systems Inc. (NASDAQ:VRNT) for 847,679 shares. Proshare Advsr Limited holds 0% or 11,112 shares. Mufg Americas has invested 0% in Verint Systems Inc. (NASDAQ:VRNT). Us Bankshares De holds 43,161 shares or 0.01% of its portfolio. American Century Cos Inc has invested 0% in Verint Systems Inc. (NASDAQ:VRNT). Raymond James Associate holds 0% in Verint Systems Inc. (NASDAQ:VRNT) or 40,498 shares. Panagora Asset Mngmt owns 86,015 shares for 0.01% of their portfolio. Parkside Bank & has invested 0% in Verint Systems Inc. (NASDAQ:VRNT).

The stock of Verint Systems Inc. (NASDAQ:VRNT) hit a new 52-week high and has $47.53 target or 3.00 % above today’s $46.15 share price. The 6 months bullish chart indicates low risk for the $2.95B company. The 1-year high was reported on Jun, 17 by Barchart.com. If the $47.53 price target is reached, the company will be worth $88.62 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.76% or $0.35 during the last trading session, reaching $46.15. About 568,290 shares traded or 67.29% up from the average. Verint Systems Inc. (NASDAQ:VRNT) has risen 6.27% since June 17, 2017 and is uptrending. It has underperformed by 6.30% the S&P500.

Verint Systems Inc. (NASDAQ:VRNT) Ratings Coverage

Among 3 analysts covering Verint Systems Inc (NASDAQ:VRNT), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Verint Systems Inc had 5 analyst reports since March 29, 2018 according to SRatingsIntel. Oppenheimer maintained Verint Systems Inc. (NASDAQ:VRNT) on Friday, June 8 with “Buy” rating. Oppenheimer maintained it with “Buy” rating and $4900 target in Tuesday, May 29 report. The stock has “Outperform” rating by Imperial Capital on Thursday, May 31. Oppenheimer maintained the shares of VRNT in report on Thursday, May 17 with “Buy” rating. The rating was maintained by RBC Capital Markets on Thursday, March 29 with “Buy”.

More important recent Verint Systems Inc. (NASDAQ:VRNT) news were published by: Seekingalpha.com which released: “Verint Systems Inc. (VRNT) CEO Dan Bodner on Q1 2018 Results – Earnings Call Transcript” on June 08, 2018, also Businesswire.com published article titled: “Verint Reports First Quarter Results”, Benzinga.com published: “Imperial Capital Incrementally Bullish On Verint After M&A Talk” on May 31, 2018. More interesting news about Verint Systems Inc. (NASDAQ:VRNT) was released by: Globes.Co.Il and their article: “Verint CEO: We’re looking to improve margins” with publication date: June 11, 2018.

Verint Systems Inc. provides actionable intelligence solutions and value-added services worldwide. The company has market cap of $2.95 billion. The Company’s Customer Engagement Solutions segment provides voice of the customer solutions, including interaction analytics, enterprise feedback, and digital feedback; workforce optimization solutions, such as intelligent recording, analytics-driven quality, coaching/learning, workforce management, work allocation, desktop and process analytics, robotic process automation, and performance management; employee engagement solutions comprising workforce optimization, knowledge management, employee desktop, case management, internal communities, gamification, mobile workforce apps, and voice of the employee; engagement channel solutions consisting of Web/mobile self-service, voice self-service, customer communities, email/secure messaging, Web chat, co-browse, mobile messaging, and social engagement; and security, fraud, and compliance solutions, including compliance recording, fraud and identity analytics, trading compliance, branch surveillance and investigation, and public safety compliance. It currently has negative earnings. The companyÂ’s Cyber Intelligence Solutions segment offers security and intelligence data mining software solutions, which are used for a range of applications, such as predictive intelligence, advanced and complex investigations, security threat analysis, and electronic data and physical assets protection, as well as for generating legal evidence and preventing criminal activity and terrorism.

Verint Systems Inc. (NASDAQ:VRNT) Institutional Positions Chart

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