Verint Systems Earnings: Here’s Why Shares are Down Now

Verint Systems Inc. (NASDAQ:VRNT) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 4.44%.

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Verint Systems Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 16.98% to $0.44 in the quarter versus EPS of $0.53 in the year-earlier quarter.

Revenue: Rose 4.45% to $205.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Verint Systems Inc. reported adjusted EPS income of $0.44 per share. By that measure, the company missed the mean analyst estimate of $0.52. It beat the average revenue estimate of $203.34 million.

Quoting Management: “We are pleased with our first quarter results which overall were in line with our expectations. We believe we are well positioned for another year of growth with our broad portfolio of innovative analytical solutions and strong competitive position in the enterprise and security intelligence markets,” said Dan Bodner, CEO and President.

Key Stats (on next page)…

Revenue decreased 10.29% from $228.96 million in the previous quarter. EPS decreased 51.65% from $0.91 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.67 to a profit $0.64. For the current year, the average estimate has moved down from a profit of $2.78 to a profit of $2.76 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]