Cognyte Software (NASDAQ:CGNT - Get Free Report) posted its quarterly earnings results on Wednesday. The company reported $0.07 earnings per share (EPS) for the quarter, reports. The firm had revenue of $95.55 million for the quarter, compared to analyst estimates 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 Price Performance
NASDAQ CGNT traded down $0.16 on Thursday, hitting $9.42. 691,957 shares of the stock were exchanged, compared to its average volume of 300,952. Cognyte Software has a 52-week low of $6.21 and a 52-week high of $11.66. The company has a market capitalization of $678.78 million, a price-to-earnings ratio of -49.58 and a beta of 1.73. The company's 50-day moving average price is $10.02 and its two-hundred day moving average price is $9.34.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on CGNT shares. Needham & Company LLC reiterated a "hold" rating on shares of Cognyte Software in a research report on Wednesday. Wall Street Zen upgraded shares of Cognyte Software from a "buy" rating to a "strong-buy" rating in a research report on Saturday, April 12th.
Check Out Our Latest Report on Cognyte Software
Hedge Funds Weigh In On Cognyte Software
A hedge fund recently raised its stake in Cognyte Software stock. Millennium Management LLC raised its stake in shares of Cognyte Software Ltd. (NASDAQ:CGNT - Free Report) by 101.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 921,853 shares of the company's stock after buying an additional 465,307 shares during the period. Millennium Management LLC owned about 1.28% of Cognyte Software worth $7,190,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 72.92% of the company's stock.
About Cognyte Software
(
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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.
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