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

Cognyte Software (NASDAQ:CGNT) issued an update on 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 EPS estimate of 0.410. The company issued revenue guidance of $434.6 million-$461.4 million, compared to the consensus revenue estimate of $446.4 million.

Cognyte Software Trading Down 20.6%

NASDAQ CGNT opened at $9.23 on Thursday. The business’s 50-day moving average price is $9.60 and its two-hundred day moving average price is $8.91. 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 $674.53 million, a PE ratio of -923.00 and a beta of 1.64.

Cognyte Software (NASDAQ:CGNT) 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 company had revenue of $105.49 million during the quarter, compared to the consensus estimate of $105.04 million. Cognyte Software had a negative net margin of 0.16% and a positive return on equity of 0.74%. Cognyte Software has set its FY 2027 guidance at 0.470-0.470 EPS. As a group, analysts forecast that Cognyte Software will post 0.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CGNT shares. Lake Street Capital started coverage on Cognyte Software in a research note on Monday, March 2nd. They issued a “buy” rating and a $13.00 price objective on the stock. Wall Street Zen downgraded Cognyte Software from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Zacks Research downgraded Cognyte Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $13.50.

Institutional Inflows and Outflows

A number of institutional investors 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 worth $7,190,000 after buying an additional 465,307 shares during the period. Samjo Management LLC raised its stake in Cognyte Software by 64.4% during the 4th quarter. Samjo Management LLC now owns 896,325 shares of the company’s stock worth $8,425,000 after buying an additional 351,150 shares during the period. Marshall Wace LLP raised its stake in shares of Cognyte Software by 77.5% in the second quarter. Marshall Wace LLP now owns 756,876 shares of the company’s stock worth $6,994,000 after purchasing an additional 330,569 shares during the last quarter. Westerly Capital Management LLC raised its stake in shares of Cognyte Software by 29.4% in the third quarter. Westerly Capital Management LLC now owns 1,100,000 shares of the company’s stock worth $9,240,000 after purchasing an additional 250,000 shares during the last quarter. Finally, Archon Capital Management LLC purchased a new stake in shares of Cognyte Software in the fourth quarter worth approximately $1,958,000. 72.92% of the stock is owned by institutional investors and hedge funds.

About Cognyte Software

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.