NEW YORK ( TheStreet) -- Verint Systems (Nasdaq: VRNT) is trading at unusually high volume Wednesday with 510,603 shares changing hands. It is currently at 4.1 times its average daily volume and trading up $1.04 (+3.1%) at $34.98 as of 2:37 p.m. ET.

Verint Systems has a market cap of $1.3 billion and is part of the technology sector and computer software & services industry. Shares are up 7.1% year to date as of the close of trading on Tuesday.

Verint Systems Inc. provides actionable intelligence solutions and value-added services worldwide. Its solutions are used to capture, distill, and analyze underused information sources, such as voice, video, and unstructured text. The company has a P/E ratio of 108.2, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Verint Systems as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. You can view the full Verint Systems Ratings Report.

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