Cognyte Software (NASDAQ:CGNT – Get Free Report) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday, Zacks reports.
Several other equities analysts have also recently issued reports on CGNT. Weiss Ratings cut Cognyte Software from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday. Wall Street Zen upgraded Cognyte Software from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 10th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Cognyte Software has an average rating of “Hold” and a consensus price target of $13.00.
View Our Latest Report on Cognyte Software
Cognyte Software Price Performance
NASDAQ CGNT opened at $8.46 on Monday. Cognyte Software has a 12 month low of $6.29 and a 12 month high of $12.31. The firm has a market capitalization of $625.19 million, a PE ratio of 287.33 and a beta of 1.63. The company’s 50 day simple moving average is $8.75 and its 200 day simple moving average is $8.81.
Cognyte Software (NASDAQ:CGNT – Get Free Report) last released its earnings results on Wednesday, September 9th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. The firm had revenue of $109.24 million during the quarter, compared to the consensus estimate of $108.51 million. Cognyte Software had a positive return on equity of 1.31% and a negative net margin of 0.01%. Cognyte Software has set its FY 2027 guidance at 0.470-0.470 EPS. Sell-side analysts anticipate that Cognyte Software will post 0.14 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Cognyte Software
Several hedge funds have recently made changes to their positions in the business. Signaturefd LLC grew its stake in shares of Cognyte Software by 28.8% in the 3rd quarter. Signaturefd LLC now owns 5,844 shares of the company’s stock worth $51,000 after purchasing an additional 1,306 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Cognyte Software by 43.5% during the second quarter. NewEdge Advisors LLC now owns 16,594 shares of the company’s stock valued at $146,000 after purchasing an additional 5,034 shares during the last quarter. StoneX Group Inc. acquired a new stake in Cognyte Software during the third quarter valued at approximately $105,000. R Squared Ltd boosted its holdings in Cognyte Software by 61.7% during the third quarter. R Squared Ltd now owns 33,423 shares of the company’s stock worth $290,000 after buying an additional 12,753 shares in the last quarter. Finally, Entropy Technologies LP bought a new stake in Cognyte Software during the first quarter worth approximately $107,000. Institutional investors and hedge funds own 72.92% of the company’s stock.
Cognyte Software Company Profile
Cognyte Software Ltd. develops analytics software for organizations that need to collect, process and analyze large volumes of data. Its platforms help customers combine information from multiple sources to identify patterns, connections and potential threats. The company’s solutions support intelligence analysis, investigations and operational decision-making. Customers include government and law enforcement agencies, national security organizations and communications service providers. Cognyte is based in Herzliya, Israel, and serves customers internationally.
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