Cognyte Software (NASDAQ:CGNT) Posts Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Cognyte Software (NASDAQ:CGNT) announced its quarterly earnings results on Tuesday. The medical device company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.07, Briefing.com reports. The business had revenue of $84.40 million for the quarter, compared to analyst estimates of $83.69 million. Cognyte Software had a negative return on equity of 5.94% and a negative net margin of 3.70%. The company’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.11) earnings per share. Cognyte Software updated its FY 2025 guidance to -0.030–0.030 EPS and its FY25 guidance to $(0.03) EPS.

Cognyte Software Price Performance

Shares of CGNT opened at $6.30 on Thursday. The firm has a market cap of $447.44 million, a P/E ratio of -37.06 and a beta of 1.74. Cognyte Software has a 1 year low of $4.00 and a 1 year high of $8.70. The stock has a 50 day simple moving average of $7.43 and a two-hundred day simple moving average of $7.50.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CGNT shares. StockNews.com downgraded shares of Cognyte Software from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Wedbush increased their target price on shares of Cognyte Software from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday, June 20th. Finally, Needham & Company LLC restated a “hold” rating on shares of Cognyte Software in a research note on Tuesday.

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.