Verint (VRNT, $37.04) tops earnings expectations; lowers revenue outlook
Verint Systems reported quarterly adjusted earnings of $0.69 per share, which exceeded the Zacks Consensus Estimate of $0.58 per share (according to Zacks Equity Research). This compares to earnings of $0.69 per share a year ago.
Revenues of $225.62 million (vs. $226.93 million in the year-ago quarter) missed the Zacks Consensus Estimate by 0.80%. (according to Zacks Equity Research).
The company now expects revenue for the year ending Jan. 31 of about $900 million, vs. prior forecast of $920 million.
VRNT's RSI Indicator ascending out of oversold territory
The RSI Indicator for VRNT moved out of oversold territory on May 15, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 27 similar instances when the indicator left oversold territory. In of the 27 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on May 17, 2023. You may want to consider a long position or call options on VRNT as a result. In of 91 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for VRNT just turned positive on May 17, 2023. Looking at past instances where VRNT's MACD turned positive, the stock continued to rise in of 35 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where VRNT advanced for three days, in of 323 cases, the price rose further within the following month. The odds of a continued upward trend are .
VRNT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The 10-day moving average for VRNT crossed bearishly below the 50-day moving average on April 27, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where VRNT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for VRNT entered a downward trend on May 23, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock slightly better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. VRNT’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.694) is normal, around the industry mean (31.526). P/E Ratio (60.976) is within average values for comparable stocks, (167.679). Projected Growth (PEG Ratio) (1.281) is also within normal values, averaging (4.163). Dividend Yield (0.000) settles around the average of (0.040) among similar stocks. P/S Ratio (2.597) is also within normal values, averaging (75.236).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a provider of analytic software solutions for communications interception, digital video security and surveillance, and enterprise business intelligence
Industry PackagedSoftware
VRNT and
Correlation & Price change
A.I.dvisor indicates that over the last year, VRNT has been closely correlated with FFIV. These tickers have moved in lockstep 66% of the time. This A.I.-generated data suggests there is a high statistical probability that if VRNT jumps, then FFIV could also see price increases.
| Ticker / NAME | Correlation To VRNT | 1D Price Change % | ||
|---|---|---|---|---|
| VRNT | 100% | +0.70% | ||
| FFIV - VRNT | 66% Closely correlated | -0.07% | ||
| SSNC - VRNT | 65% Loosely correlated | +0.40% | ||
| VRSN - VRNT | 64% Loosely correlated | -0.66% | ||
| FLT - VRNT | 64% Loosely correlated | -1.90% | ||
| CDAY - VRNT | 64% Loosely correlated | +0.24% | ||
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