Cognyte Software (NASDAQ:CGNT) Downgraded to “Strong Sell” Rating by Zacks Research

Posted by Brenda Bartman on Jun 26th, 2026

Cognyte Software (NASDAQ:CGNT – Get Free Report) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Wednesday,Zacks.com reports.

A number of other research analysts have also recently issued reports on CGNT. Wall Street Zen cut Cognyte Software from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Lake Street Capital started 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. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $13.50.

Read Our Latest Research Report on Cognyte Software

Cognyte Software Stock Performance

Shares of NASDAQ:CGNT opened at $7.96 on Wednesday. The company has a market capitalization of $581.72 million, a PE ratio of -199.00 and a beta of 1.64. The company’s fifty day moving average is $9.67 and its 200-day moving average is $8.94. Cognyte Software has a 52 week low of $6.29 and a 52 week high of $12.31.

Cognyte Software (NASDAQ:CGNT – Get Free Report) last released its quarterly earnings results on Wednesday, June 3rd. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.07). The firm had revenue of $105.49 million during the quarter, compared to analyst estimates of $105.04 million. Cognyte Software had a negative net margin of 0.66% and a negative return on equity of 0.45%. Cognyte Software has set its FY 2027 guidance at 0.470-0.470 EPS. On average, analysts forecast that Cognyte Software will post 0.08 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CGNT. Topline Capital Management LLC raised its stake in shares of Cognyte Software by 2.4% during the third quarter. Topline Capital Management LLC now owns 7,195,619 shares of the company’s stock worth $60,443,000 after buying an additional 168,329 shares during the last quarter. American Capital Management Inc. boosted its stake in Cognyte Software by 0.6% in the third 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 last quarter. Westerly Capital Management LLC grew its holdings in Cognyte Software by 5.0% during the 4th quarter. Westerly Capital Management LLC now owns 1,155,000 shares of the company’s stock worth $10,857,000 after acquiring an additional 55,000 shares during the period. Millennium Management LLC raised its position in shares of 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 acquiring an additional 465,307 shares during the last quarter. Finally, Scalar Gauge Management LLC raised its position in shares of Cognyte Software by 14.6% during the 4th quarter. Scalar Gauge Management LLC now owns 904,099 shares of the company’s stock valued at $8,499,000 after acquiring an additional 115,000 shares during the last quarter. Institutional investors own 72.92% of the company’s stock.

About Cognyte Software

(Get Free Report)

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.