Verint Systems (VRNT) Stock Falls in After-Hours Trading on Revenue Miss

NEW YORK (TheStreet) -- Shares of Verint Systems (VRNT) were falling 1.3% to $65.50 after-hours Wednesday after the business software company missed analysts' estimates for revenue in the fiscal first quarter and issued mixed guidance for the fiscal year.

Verint Systems reported revenue of $270.4 million for the first quarter, up 0.4% from the year-ago quarter but below analysts' estimates of $274.39 million for the quarter. The company reported earnings of 66 cents a share for the quarter, above analysts' estimates of 54 cents a share.

Looking to the fiscal year ending January 31, 2016 Verint Systems expects to report earnings of $3.55 to $3.75 a share and revenue of $1.2 billion to $1.25 billion. Analysts expect the company to report earnings of $3.69 a share and revenue of $1.24 billion for the fiscal year.

TheStreet Ratings team rates VERINT SYSTEMS INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate VERINT SYSTEMS INC (VRNT) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, expanding profit margins, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had sub par growth in net income."

You can view the full analysis from the report here: VRNT Ratings Report

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