Verint Systems, Inc. (NASDAQ:VRNT) price on Friday, August 02, fall -3.68% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $32.96.
A look at the stock’s price movement, the close in the last trading session was $34.22. The PE ratio in trailing twelve months stood at 69.58. Turning to its 52-week performance, $38.17 and $18.41 were the 52-week high and 52-week low respectively. Overall, VRNT moved 3.03% over the past month.
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Verint Systems, Inc.’s market cap currently stands at around $2.03 billion.
Analysts have a consensus estimate of 212.84M for the company’s revenue for the quarter, with a low and high estimate of 211.99M and 214.8M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 936.17M, representing a 2.80% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that VRNT is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
The technical evaluation for the stock shows the PEG ratio is 6.99, with VRNT’s current price about -1.35% and -0.59% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.88, while 7-day volatility ratio is 4.34% and 3.53% in the 30-day chart. Further, Verint Systems, Inc. (VRNT) has a beta value of 1.27, and an average true range (ATR) of 1.36.
If we refocus on Verint Systems, Inc. (NASDAQ:VRNT), historical trading data shows that trading volumes averaged 736.85K over the past 3 months. The company’s latest data on shares outstanding shows there are 62.74 million shares.
The 1.85% of Verint Systems, Inc.’s shares are in the hands of company insiders while institutional holders own 100.34% of the company’s shares. Current price change has pushed the stock 21.94% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the VRNT stock continues to rise going into the next quarter.
