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March 28, 2018, 5:07 p.m. EDT

Verint Systems shares rally as results, outlook top Street view

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By Wallace Witkowski

VRNT

Verint Systems Inc. /zigman2/quotes/209184374/composite VRNT +0.27% shares rose in the extended session Wednesday after the customer engagement and security software company's results and outlook topped Wall Street estimates. Verint shares rallied 7% after hours, following a 0.7% decline to close at $37.40 in the regular session. The company reported fourth-quarter net income of $18.3 million, or 26 cents a share, compared with $8.5 million, or 13 cents a share, in the year-ago period. Adjusted earnings were $1.05 a share. Revenue rose to $318.7 million from $295.9 million in the year-ago period. Analysts surveyed by FactSet had estimated $1 a share on revenue of $314.4 million. For the year, Verint estimates adjusted earnings of about $3.09 a share on revenue of $1.21 billion to $1.25 billion. Analysts expect earnings of $3.05 a share on revenue of $1.22 billion.

/zigman2/quotes/209184374/composite
US : U.S.: Nasdaq
$ 51.84
+0.14 +0.27%
Volume: 568,485
Dec. 13, 2019 4:00p
P/E Ratio
67.88
Dividend Yield
N/A
Market Cap
$3.45 billion
Rev. per Employee
$234,278
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