Cognyte Software (NASDAQ:CGNT) Issues Earnings Results

Cognyte Software (NASDAQ:CGNT) posted its quarterly earnings results on Tuesday. The medical device company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.07, Briefing.com reports. The firm had revenue of $84.40 million during the quarter, compared to the consensus estimate of $83.69 million. Cognyte Software had a negative net margin of 3.70% and a negative return on equity of 5.94%. The company’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.11) earnings per share. Cognyte Software updated its FY 2025 guidance to -0.030–0.030 EPS and its FY25 guidance to $(0.03) EPS.

Cognyte Software Stock Performance

Shares of NASDAQ CGNT opened at $6.47 on Wednesday. Cognyte Software has a 1 year low of $4.00 and a 1 year high of $8.70. The company’s fifty day moving average price is $7.46 and its 200 day moving average price is $7.51. The company has a market capitalization of $465.13 million, a PE ratio of -38.06 and a beta of 1.74.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. StockNews.com upgraded shares of Cognyte Software from a “buy” rating to a “strong-buy” rating in a report on Friday, June 21st. Needham & Company LLC restated a “hold” rating on shares of Cognyte Software in a report on Tuesday. Finally, Wedbush raised their price objective on Cognyte Software from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday, June 20th.

Cognyte Software Company Profile

Cognyte Software Ltd. provides an investigative analytics software to governments and enterprises worldwide. Its Actionable Intelligence for a Safer World, an open software designed to help governments and enterprises accelerate and enhance the effectiveness of investigations. The company offers network intelligence analytics, threat intelligence analytics, decision intelligence analytics, and operational intelligence analytics solutions.