Verint Systems Inc (NASDAQ:VRNT) close to 52-week high, short interest increasing

Verint Systems Inc (NASDAQ:VRNT) (TREND ANALYSIS) shares were traded with a volume more than two times higher than the usual volume. The stock closed last trading session at $63.47, down by -4.34%, with a volume of 1,234,197 shares against an average volume for the last 3 months of 378,480.

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Verint Systems Inc (NASDAQ:VRNT) stock is currently trading 4.48% below its 52-week-high, 38.31% above its 52-week-low. The 1-year stock price history is in the range of $45.89 – $66.45. Verint Systems Inc (VRNT) has a price to earnings ratio of 122.06 versus Technology sector average of 24.67. VRNT stock price has outperformed the Nasdaq by 2.8%. The Applications Software company is currently valued at $3.87 billion and its share price closed the last trading session at $63.47. The stock has a 50-day moving average of $63.95 and a 200-day moving average of $59.96.

Verint Systems Inc (VRNT) current short interest stands at 1.91 million shares. It has increased by 14% from the same period of last month. Around 4% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.48 million shares, the number of days required to cover the short positions stand at 4.1 days.

VRNT reported last quarter earnings on June 03. The Applications Software company announced earnings per share of $0.43 against a consensus Street estimate of $0.34, beating the average estimate by $0.09. This corresponds to a decrease of $0.39 compared to the same quarter of the previous fiscal year.

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There are currently nine analysts that cover Verint Systems Inc stock. Of those nine, seven have a Buy rating, two have a Hold rating. On a consensus basis this yields to a Buy rating. The consensus target price stands at $69.14.

A recent analyst activity consisted of JP Morgan reiterating their Overweight stance on April 28. JP Morgan increased their price target on VRNT from $65 to $70. This corresponds to a 10.29% upside from the last closing price. On the date of report, the stock closed at $62.91.

Credit Suisse reiterated their Outperform stance on March 26, and increased their price target on VRNT stock from $67 to $70. This corresponds to a 10.29% upside from the last closing price. On the date of report, the stock closed at $62.23.

Company profile

Verint Systems Inc. provides analytic solutions for communications, interception, digital video security and surveillance, and enterprise business intelligence. The Company’s software generates actionable intelligence through the collection, retention, and analysis of voice, fax, video, email, Internet, and data transmission from various types of communications networks.

Verint Systems Inc (NASDAQ:VRNT) close to 52-week high, short interest increasing was last modified: June 5th, 2015 by Jason Seligman