Cognyte Software (NASDAQ:CGNT) Posts Earnings Results, Hits Expectations

Key Points

• Cognyte Software reported earnings per share of $0.03 in its latest quarterly results, meeting analysts' expectations.
• The company experienced a negative return on equity of 3.53% and a net margin of -2.18% during the quarter.
• Institutional investors hold 72.92% of Cognyte Software's stock, with several hedge funds significantly increasing their positions recently.

Cognyte Software (NASDAQ:CGNT - Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $0.03 EPS for the quarter, hitting analysts' consensus estimates of $0.03, Zacks reports. Cognyte Software had a negative return on equity of 2.05% and a negative net margin of 1.20%.The business had revenue of $97.51 million during the quarter, compared to analysts' expectations of $96.32 million. Cognyte Software updated its FY 2026 guidance to 0.230-0.230 EPS.

Cognyte Software Trading Down 2.3%

Shares of NASDAQ:CGNT traded down $0.20 during trading on Friday, reaching $8.52. 232,189 shares of the stock were exchanged, compared to its average volume of 279,382. Cognyte Software has a 12 month low of $6.38 and a 12 month high of $11.65. The firm has a market cap of $621.70 million, a PE ratio of -141.98 and a beta of 1.65. The stock has a 50-day moving average price of $8.94 and a 200-day moving average price of $9.25.

Institutional Investors Weigh In On Cognyte Software

A number of institutional investors have recently made changes to their positions in CGNT. Millennium Management LLC boosted its holdings in shares of Cognyte Software by 101.9% during the first quarter. Millennium Management LLC now owns 921,853 shares of the company's stock worth $7,190,000 after acquiring an additional 465,307 shares during the period. Marshall Wace LLP boosted its holdings in shares of Cognyte Software by 77.5% during the second quarter. Marshall Wace LLP now owns 756,876 shares of the company's stock worth $6,994,000 after acquiring an additional 330,569 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Cognyte Software by 36.3% during the second quarter. JPMorgan Chase & Co. now owns 582,139 shares of the company's stock worth $5,379,000 after acquiring an additional 154,955 shares during the period. Lazard Asset Management LLC bought a new stake in shares of Cognyte Software during the second quarter worth approximately $659,000. Finally, Boothbay Fund Management LLC bought a new stake in shares of Cognyte Software during the second quarter worth approximately $476,000. Institutional investors own 72.92% of the company's stock.

Analyst Ratings Changes

Separately, Needham & Company LLC reiterated a "hold" rating on shares of Cognyte Software in a report on Monday, July 28th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Cognyte Software has an average rating of "Hold".

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.