Cognyte Software (NASDAQ:CGNT) Updates FY 2026 Earnings Guidance

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 guidance of 0.190-0.190 for the period, compared to the consensus earnings per share 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.

Analysts Set New Price Targets

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

Cognyte Software Stock Performance

Shares of CGNT traded down $0.46 during trading hours 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 cap of $645.63 million, a P/E ratio of -47.16 and a beta of 1.73. The company's fifty day simple moving average is $10.04 and its 200 day simple moving average is $9.36. Cognyte Software has a 12-month low of $6.21 and a 12-month high of $11.66.

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. Cognyte Software had a negative return on equity of 13.30% and a negative net margin of 3.95%. The business had revenue of $95.55 million for the quarter, compared to analyst estimates of $93.96 million. As a group, sell-side analysts predict that Cognyte Software will post -0.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Cognyte Software stock. Millennium Management LLC raised its stake in Cognyte Software Ltd. (NASDAQ:CGNT - Free Report) by 101.9% during the 1st quarter, according to its most recent Form 13F filing 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 about 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.

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.