Verint Systems (NASDAQ:VRNT) Report Higher Fiscal Q4 Profit on Revenue Growth – VRNT, CSCO, NICE, UTX

Verint Systems Inc (NASDAQ:VRNT) announced a boost in fiscal Q4 profit mainly because of revenue expansion and lower product costs. Quarterly earnings and revenues of business software maker both trumped analysts’ forecast.

The company reported that fiscal Q4 profit moved up to $21.9 million or $0.50 a share from $13.4 million or $0.34 a share in previous year.

Verint Systems, which produces enterprise software and surveillance equipments, announced earnings without few items hiked to $0.91 a share from $0.75 a share in previous year. Thomson Reuters ten analysts survey on average forecasted EPS of $0.75 for three months period.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Cisco Systems, Inc. (NASDAQ:CSCO) fell -0.07% to settle at $20.83, Nice Systems Ltd (ADR) (NASDAQ:NICE) moved down -1.21% to end at $36.83 while United Technologies Corporation (NYSE:UTX) plunged -0.04% to finish at $92.61 on Wednesday.

Verint Systems Inc. (NASDAQ:VRNT) on March 27, 2013 decreased -0.63% to the closing price of $34.83. The overall volume in the last trading session was 299,440.00 shares. Its fifty two weeks range was $34.46 – $35.05. The total market capitalization remained at $1.83 billion.

VRNT is ahead of its 52-week low with +41.59% and lagging behind from its 52-week high price with -2.95%. VRNT’s last month’s stock price volatility remained 1.75%. In its share capital VRNT has 52.47 million outstanding shares, among them 23.41 million shares have been floated in market exchange. VRNT’s stock’s institutional ownership remained 46.88% while insider ownership included 0.89%.

The stock price of VRNT is moving down from its 20 days moving average with -0.61% and remote positively from 50 days moving average with +0.88%. VRNT’s current year’s earnings per share experienced an addition with +83.27% while its current quarter performance remained at +19.57%. Company’s beta coefficient included 1.95. Beta factors measure the amount of market risk associated with market trade.

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