Cognyte Software (NASDAQ:CGNT) Issues Quarterly Earnings Results

Cognyte Software (NASDAQ:CGNT) announced its quarterly earnings data on Wednesday. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06, FiscalAI reports. The firm had revenue of $105.50 million during the quarter, compared to analysts’ expectations of $108.51 million. Cognyte Software had a negative return on equity of 0.45% and a negative net margin of 0.66%. Cognyte Software updated its FY 2027 guidance to 0.470-0.470 EPS.

Cognyte Software Trading Down 2.8%

Shares of Cognyte Software stock opened at $8.23 on Wednesday. The company has a market capitalization of $608.20 million, a P/E ratio of -205.75 and a beta of 1.67. The stock has a fifty day simple moving average of $8.84 and a 200 day simple moving average of $8.91. Cognyte Software has a 12-month low of $6.29 and a 12-month high of $12.31.

Analyst Ratings Changes

Several analysts recently issued reports on CGNT shares. Wall Street Zen downgraded shares of Cognyte Software from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Zacks Research upgraded shares of Cognyte Software from a “strong sell” rating to a “hold” rating in a report on Monday, August 3rd. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $13.50.

Institutional Trading of Cognyte Software

Several institutional investors have recently made changes to their positions in the company. Osaic Holdings Inc. boosted its holdings in Cognyte Software by 79.4% during the second quarter. Osaic Holdings Inc. now owns 3,634 shares of the company’s stock worth $34,000 after purchasing an additional 1,608 shares during the last quarter. Quarry LP bought a new position in shares of Cognyte Software in the third quarter valued at approximately $33,000. LPL Financial LLC purchased a new stake in shares of Cognyte Software during the fourth quarter valued at approximately $113,000. Aigen Investment Management LP bought a new stake in Cognyte Software during the fourth quarter worth $141,000. Finally, Brooklyn Investment Group purchased a new position in Cognyte Software in the fourth quarter worth $156,000. Institutional investors own 72.92% of the company’s stock.

About Cognyte Software

Cognyte Software Ltd. is a global provider of security analytics solutions that was spun off from NICE Ltd. in early 2021. Headquartered in Israel, the company delivers specialized software and services designed to help government agencies, law enforcement organizations and critical infrastructure operators process and analyze large volumes of data for intelligence and investigative purposes.

The company’s core offerings include advanced analytics platforms that aggregate and visualize structured and unstructured data from diverse sources, such as communications metadata, open-source intelligence and sensor feeds.