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

Key Points

• FY 2027 guidance: Cognyte forecast EPS of $0.47, above the $0.38 consensus estimate, while revenue guidance of $439 million-$457 million brackets the $446.4 million consensus.
• Shares declined 2.8%: CGNT opened at $8.23, below its 50-day and 200-day moving averages, with a market capitalization of approximately $608 million.
• Analyst sentiment remains cautious: The stock has an average “Hold” rating and a consensus price target of $13.50, while institutional investors own 72.92% of outstanding shares.

Cognyte Software (NASDAQ:CGNT - Get Free Report) updated its FY 2027 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.470-0.470 for the period, compared to the consensus estimate of 0.380. The company issued revenue guidance of $439.0 million-$457.0 million, compared to the consensus revenue estimate of $446.4 million.

Cognyte Software Trading Down 2.8%

NASDAQ:CGNT opened at $8.23 on Wednesday. Cognyte Software has a 1-year low of $6.29 and a 1-year high of $12.31. The business's 50-day moving average price is $8.84 and its two-hundred day moving average price is $8.91. The firm has a market capitalization of $608.20 million, a price-to-earnings ratio of -205.75 and a beta of 1.67.

Analysts Set New Price Targets

A number of analysts have recently commented on CGNT shares. Wall Street Zen cut Cognyte Software from a "buy" rating to a "hold" rating in a research note on Saturday, June 6th. Zacks Research raised shares of Cognyte Software from a "strong sell" rating to a "hold" rating in a research note on Monday, August 3rd. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $13.50.

Institutional Investors Weigh In On Cognyte Software

A number of hedge funds and other institutional investors have recently made changes to their positions in CGNT. Quarry LP acquired a new position in Cognyte Software in the 3rd quarter worth $33,000. Osaic Holdings Inc. raised its stake in shares of Cognyte Software by 79.4% in the 2nd quarter. Osaic Holdings Inc. now owns 3,634 shares of the company's stock valued at $34,000 after purchasing an additional 1,608 shares during the period. LPL Financial LLC acquired a new stake in shares of Cognyte Software in the 4th quarter valued at about $113,000. Aigen Investment Management LP acquired a new stake in shares of Cognyte Software in the 4th quarter valued at about $141,000. Finally, Brooklyn Investment Group bought a new stake in shares of Cognyte Software in the fourth quarter valued at about $156,000. 72.92% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.