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

Cognyte Software (NASDAQ:CGNT) updated its FY 2027 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.470-0.470 for the period, compared to the consensus 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.

Analysts Set New Price Targets

CGNT has been the topic of several research reports. Lake Street Capital initiated coverage on shares of Cognyte Software in a report on Monday, March 2nd. They issued a “buy” rating and a $13.00 price objective on the stock. Wall Street Zen upgraded Cognyte Software from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 28th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Cognyte Software in a research note on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $13.50.

Cognyte Software Stock Performance

NASDAQ:CGNT traded down $0.44 during mid-day trading on Thursday, reaching $8.33. The stock had a trading volume of 268,169 shares, compared to its average volume of 417,805. Cognyte Software has a one year low of $6.29 and a one year high of $11.65. The stock has a market capitalization of $608.76 million, a P/E ratio of -833.00 and a beta of 1.53. The firm has a 50 day moving average price of $7.90 and a two-hundred day moving average price of $8.46.

Cognyte Software (NASDAQ:CGNT) last posted its quarterly earnings data on Wednesday, March 25th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.09. Cognyte Software had a positive return on equity of 0.74% and a negative net margin of 0.16%.The business had revenue of $106.24 million during the quarter, compared to the consensus estimate of $106.20 million. Research analysts forecast that Cognyte Software will post -0.2 earnings per share for the current year.

Institutional Trading of Cognyte Software

Several institutional investors and hedge funds have recently added to or reduced their stakes in CGNT. Millennium Management LLC raised its stake in Cognyte Software by 101.9% during the 1st 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 during the period. Goldman Sachs Group Inc. raised its stake in Cognyte Software by 52.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 131,140 shares of the company’s stock valued at $1,023,000 after purchasing an additional 45,229 shares during the period. JPMorgan Chase & Co. raised its stake in Cognyte Software by 36.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 582,139 shares of the company’s stock valued at $5,379,000 after purchasing an additional 154,955 shares during the period. Marshall Wace LLP raised its stake in Cognyte Software by 77.5% during the 2nd quarter. Marshall Wace LLP now owns 756,876 shares of the company’s stock valued at $6,994,000 after purchasing an additional 330,569 shares during the period. Finally, Qube Research & Technologies Ltd grew its holdings in Cognyte Software by 25.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 224,053 shares of the company’s stock valued at $2,070,000 after buying an additional 45,449 shares in the last quarter. Institutional investors own 72.92% of the company’s stock.

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.