Cognyte Software (NASDAQ:CGNT) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Key Points

• Cognyte Software beat earnings expectations: Quarterly EPS was $0.15, exceeding the $0.09 consensus by $0.06. Revenue reached $105.50 million, below analysts’ $108.51 million estimate.
• The company updated its FY 2027 EPS guidance to $0.47, while reporting a negative net margin of 0.66% and negative return on equity of 0.45%.
• Investor sentiment remains mixed: Institutional investors own 72.92% of the stock, while analysts maintain a consensus “Hold” rating with an average price target of $13.50; shares opened at $8.23.

Cognyte Software (NASDAQ:CGNT - Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.06, FiscalAI reports. Cognyte Software had a negative return on equity of 0.45% and a negative net margin of 0.66%.The company had revenue of $105.50 million during the quarter, compared to analysts' expectations of $108.51 million. Cognyte Software updated its FY 2027 guidance to 0.470-0.470 EPS.

Cognyte Software Stock Performance

Shares of CGNT stock opened at $8.23 on Wednesday. Cognyte Software has a fifty-two week low of $6.29 and a fifty-two week high of $12.31. The stock has a 50 day simple moving average of $8.84 and a two-hundred day simple moving average of $8.91. The company has a market cap of $608.20 million, a P/E ratio of -205.75 and a beta of 1.67.

Institutional Trading of Cognyte Software

Large investors have recently modified their holdings of the stock. American Capital Management Inc. lifted its position in shares of Cognyte Software by 0.6% during the 3rd quarter. American Capital Management Inc. now owns 6,751,962 shares of the company's stock valued at $56,716,000 after acquiring an additional 39,721 shares during the period. Westerly Capital Management LLC increased its stake in Cognyte Software by 5.0% in the fourth quarter. Westerly Capital Management LLC now owns 1,155,000 shares of the company's stock valued at $10,857,000 after purchasing an additional 55,000 shares in the last quarter. Millennium Management LLC increased its stake in Cognyte Software by 101.9% in the first quarter. Millennium Management LLC now owns 921,853 shares of the company's stock valued at $7,190,000 after purchasing an additional 465,307 shares in the last quarter. Scalar Gauge Management LLC raised its holdings in shares of Cognyte Software by 14.6% during the fourth quarter. Scalar Gauge Management LLC now owns 904,099 shares of the company's stock valued at $8,499,000 after purchasing an additional 115,000 shares during the period. Finally, Samjo Management LLC raised its holdings in shares of Cognyte Software by 64.4% during the fourth quarter. Samjo Management LLC now owns 896,325 shares of the company's stock valued at $8,425,000 after purchasing an additional 351,150 shares during the period. Institutional investors and hedge funds own 72.92% of the company's stock.

Wall Street Analyst Weigh In

CGNT has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of Cognyte Software from a "buy" rating to a "hold" rating in a research report on Saturday, June 6th. Zacks Research upgraded shares of Cognyte Software from a "strong sell" rating to a "hold" rating in a research report on Monday, August 3rd. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $13.50.

Cognyte Software Company Profile

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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