Cognyte Software (NASDAQ:CGNT) Updates FY 2027 Earnings Guidance

Key Points

• Cognyte updated its FY2027 guidance raising EPS to 0.470 (vs. consensus 0.140) and revenue to $448.0M (vs. consensus $441.6M).
• Shares fell about 5.0% to $8.33 on the news; the stock has a market cap of roughly $608.8M, a negative PE, and a 52‑week range of $6.29–$11.65.
• Analyst coverage is mixed with a consensus "Hold" and a $13.50 target, while institutional investors own about 72.9% of the company.

Cognyte Software (NASDAQ:CGNT - Get Free Report) updated its FY 2027 earnings guidance on Thursday. The company provided earnings per share guidance of 0.470-0.470 for the period, compared to the consensus earnings per share estimate of 0.140. The company issued revenue guidance of $448.0 million-$448.0 million, compared to the consensus revenue estimate of $441.6 million.

Cognyte Software Stock Down 5.0%

Shares of NASDAQ:CGNT traded down $0.44 during trading on Thursday, reaching $8.33. 268,169 shares of the company's stock traded hands, compared to its average volume of 417,805. The company has a 50-day simple moving average of $7.90 and a 200-day simple moving average of $8.46. The firm has a market cap of $608.76 million, a PE ratio of -833.00 and a beta of 1.53. Cognyte Software has a fifty-two week low of $6.29 and a fifty-two week high of $11.65.

Cognyte Software (NASDAQ:CGNT - Get Free Report) last announced its quarterly earnings results on Wednesday, March 25th. The company reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.09. Cognyte Software had a negative net margin of 0.16% and a positive return on equity of 0.74%. The firm had revenue of $106.24 million during the quarter, compared to analysts' expectations of $106.20 million. On average, equities research analysts forecast that Cognyte Software will post -0.2 EPS for the current year.

Analyst Ratings Changes

CGNT has been the subject of a number of research reports. Wall Street Zen raised shares of Cognyte Software from a "buy" rating to a "strong-buy" rating in a report on Saturday, March 28th. Lake Street Capital assumed coverage on shares of Cognyte Software in a research note on Monday, March 2nd. They set a "buy" rating and a $13.00 price target on the stock. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Cognyte Software in a research note on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $13.50.

Institutional Investors Weigh In On Cognyte Software

Several hedge funds and other institutional investors have recently modified their holdings of the stock. PharVision Advisers LLC acquired a new stake in Cognyte Software during the third quarter valued at approximately $208,000. Virtus Advisers LLC lifted its holdings in shares of Cognyte Software by 428.3% during the 3rd quarter. Virtus Advisers LLC now owns 21,587 shares of the company's stock worth $181,000 after acquiring an additional 17,501 shares during the period. Magnetar Financial LLC boosted its stake in shares of Cognyte Software by 66.2% in the 3rd quarter. Magnetar Financial LLC now owns 62,112 shares of the company's stock valued at $522,000 after purchasing an additional 24,737 shares during the last quarter. State of Tennessee Department of Treasury lifted its stake in Cognyte Software by 73.5% in the second quarter. State of Tennessee Department of Treasury now owns 61,249 shares of the company's stock valued at $566,000 after buying an additional 25,953 shares in the last quarter. Finally, Tidal Investments LLC raised its holdings in shares of Cognyte Software by 22.1% in the second quarter. Tidal Investments LLC now owns 49,403 shares of the company's stock valued at $456,000 after purchasing an additional 8,927 shares during the last quarter. Institutional investors own 72.92% of the company's stock.

About Cognyte Software

Cognyte Software Ltd. is a global provider of security analytics solutions that was spun off from NICE Ltd. in early 2021. Headquartered in Israel, the company delivers specialized software and services designed to help government agencies, law enforcement organizations and critical infrastructure operators process and analyze large volumes of data for intelligence and investigative purposes.

The company’s core offerings include advanced analytics platforms that aggregate and visualize structured and unstructured data from diverse sources, such as communications metadata, open-source intelligence and sensor feeds.

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