Cognyte Software (NASDAQ:CGNT - Get Free Report) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.190-0.190 for the period, compared to the consensus estimate of 0.160. The company issued revenue guidance of $387.1 million-$402.9 million, compared to the consensus revenue estimate of $392.0 million.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on CGNT shares. Needham & Company LLC reiterated a "hold" rating on shares of Cognyte Software in a report on Wednesday. Wall Street Zen raised shares of Cognyte Software from a "buy" rating to a "strong-buy" rating in a research report on Saturday, April 12th.
Read Our Latest Stock Report on Cognyte Software
Cognyte Software Price Performance
NASDAQ CGNT traded down $0.07 during trading hours on Thursday, hitting $9.51. The company had a trading volume of 375,379 shares, compared to its average volume of 299,256. The firm's 50 day moving average is $10.02 and its 200 day moving average is $9.34. Cognyte Software has a fifty-two week low of $6.21 and a fifty-two week high of $11.66. The company has a market capitalization of $685.26 million, a price-to-earnings ratio of -50.05 and a beta of 1.73.
Cognyte Software (NASDAQ:CGNT - Get Free Report) last issued its earnings results on Wednesday, June 11th. The company reported $0.07 earnings per share for the quarter. The company had revenue of $95.55 million during the quarter, compared to the consensus estimate of $93.96 million. Cognyte Software had a negative return on equity of 13.30% and a negative net margin of 3.95%. On average, equities analysts anticipate that Cognyte Software will post -0.2 EPS for the current year.
Institutional Trading of Cognyte Software
An institutional investor recently raised its position 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 its most recent disclosure with the Securities and Exchange Commission. 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 1.28% of Cognyte Software worth $7,190,000 as of its most recent filing with the Securities and Exchange Commission. 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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