Cognyte Software (NASDAQ:CGNT) Posts Earnings Results

Cognyte Software (NASDAQ:CGNT - Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.07 earnings per share (EPS) for the quarter, reports. The business had revenue of $95.55 million for the quarter, compared to the consensus estimate of $93.96 million. Cognyte Software had a negative net margin of 3.95% and a negative return on equity of 13.30%. Cognyte Software updated its FY 2026 guidance to 0.190-0.190 EPS.

Cognyte Software Trading Down 4.9%

CGNT stock traded down $0.46 during midday trading on Friday, hitting $8.96. The stock had a trading volume of 690,584 shares, compared to its average volume of 303,741. The firm has a market capitalization of $645.63 million, a price-to-earnings ratio of -47.16 and a beta of 1.73. Cognyte Software has a 52 week low of $6.21 and a 52 week high of $11.66. The stock has a 50-day simple moving average of $10.04 and a 200 day simple moving average of $9.37.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CGNT. Needham & Company LLC restated a "hold" rating on shares of Cognyte Software in a research note on Wednesday. Wall Street Zen raised Cognyte Software from a "buy" rating to a "strong-buy" rating in a research report on Saturday, April 12th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Cognyte Software stock. Millennium Management LLC increased its position in Cognyte Software Ltd. (NASDAQ:CGNT - Free Report) by 101.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 921,853 shares of the company's stock after purchasing an additional 465,307 shares during the quarter. Millennium Management LLC owned approximately 1.28% of Cognyte Software worth $7,190,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 72.92% of the company's stock.

About Cognyte Software

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.