Verint Systems Inc. (NASDAQ:VRNT) $VRNT A Buying Opportunity
A Global Leader In Actionable Intelligence
Verint Systems
Ticker: NASDAQ:VRNT
Price: $44.72
The Verint Systems Inc. (VRNT) shares are trading at lower $43.90 and the avg recommendation for the stock is Strong Buy. The current analyst price target stands at $56.43.
To add more color to this target, the company’s high over the last year is $59.83 and the low is $32.44. Over the last 52 weeks, VRNT is down -26.63% while the S&P 500 is down -0.42%. The catalyst for this interesting swing was the company’s recent earnings report.
Business Summary
Verint Systems Inc. offers Actionable Intelligence solutions. The Company delivers its Actionable Intelligence solutions through two operating segments:
Customer Engagement Solutions and Cyber Intelligence Solutions.
It is a provider of customer engagement software and services that can be deployed on-premises or in the cloud.
Its Customer Engagement vision is powered by its Actionable Intelligence platform to generate intelligence from structured and unstructured data.
It offers solutions that help organizations empower their customers and employees through intelligence that can be shared enterprise-wide.
It is a provider of security and intelligence data mining software.
Its solutions are used for a range of applications, including predictive intelligence, advanced and complex investigations, security threat analysis, and electronic data and physical assets protection, as well as for generating legal evidence and preventing criminal activity and terrorism.
Shayne Heffernan Trade Idea
“Our current price target of Verint Systems will come in around $56.43 giving the stock a price increase of +26.19%.”
Price Performance
Relative Valuation
Technical Indicators
Overall, the bias in prices is: Downwards.
The projected upper bound is: 49.61.
The projected lower bound is: 40.01.
The projected closing price is: 44.81.
Candlesticks
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 28 white candles and 22 black candles for a net of 6 white candles.
A doji star occurred (where a doji gaps above or below the previous candle). This often signals a reversal with confirmation occurring on the next bar.
Momentum Indicators
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
Stochastic Oscillator
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 65.4942. This is not an overbought or oversold reading. The last signal was a buy 6 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 50.24. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 68 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -6. This is not a topping or bottoming area. The last signal was a buy 5 period(s) ago.
MACD
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 8 period(s) ago.
Rex Takasugi – TD Profile
VERINT SYSTEMS closed up 0.630 at 44.720. Volume was 53% above average (neutral) and Bollinger Bands were 19% narrower than normal.
Open High Low Close Volume 44.680 45.370 44.090 44.720 877,660
Technical Outlook Short Term: Neutral Intermediate Term: Bearish Long Term: Bearish
Moving Averages: 10-period 50-period 200-period Close: 43.61 44.11 47.87 Volatility: 102 69 71 Volume: 865,855 556,544 529,072
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
Summary
VERINT SYSTEMS is currently 6.6% below its 200-period moving average and is in an downward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods.
Our volume indicators reflect volume flowing into and out of VRNT.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on VRNT.O and have had this outlook for the last 7 periods.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of the Nasdaq Stock Market.
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Sources:
Verint Systems Company Website
Thomson Reuters Metastock and Eikon financial tools
Disclosure: we hold no position in VRNT, either long or short, and we have not been compensated for this article.
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