Cognyte Software (NASDAQ:CGNT) Issues Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Cognyte Software (NASDAQ:CGNT) released its quarterly earnings data on Thursday. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.09 by $0.06, FiscalAI reports. The company had revenue of $109.24 million for the quarter, compared to analyst estimates of $108.51 million. Cognyte Software had a negative return on equity of 0.45% and a negative net margin of 0.66%.

Cognyte Software Price Performance

Shares of CGNT stock opened at $8.15 on Thursday. The company’s fifty day moving average price is $8.82 and its two-hundred day moving average price is $8.92. The firm has a market capitalization of $602.28 million, a P/E ratio of -203.75 and a beta of 1.67. Cognyte Software has a 12 month low of $6.29 and a 12 month high of $12.31.

Wall Street Analyst Weigh In

CGNT has been the subject of a number of recent research reports. Wall Street Zen lowered Cognyte Software from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Zacks Research raised Cognyte Software from a “strong sell” rating to a “hold” rating in a research report on Monday, August 3rd. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Cognyte Software currently has a consensus rating of “Hold” and an average price target of $13.50.

Institutional Trading of Cognyte Software

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Millennium Management LLC boosted its holdings in Cognyte Software by 101.9% in the first 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 last quarter. Goldman Sachs Group Inc. increased its holdings in Cognyte Software by 52.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 131,140 shares of the company’s stock worth $1,023,000 after purchasing an additional 45,229 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Cognyte Software by 36.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 582,139 shares of the company’s stock worth $5,379,000 after purchasing an additional 154,955 shares during the last quarter. Marshall Wace LLP raised its position in shares of Cognyte Software by 77.5% in 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 in the last quarter. Finally, Qube Research & Technologies Ltd boosted its stake in shares of 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 during the last quarter. 72.92% of the stock is owned by hedge funds and other institutional investors.

Cognyte Software News Roundup

Here are the key news stories impacting Cognyte Software this week:

• Positive Sentiment: Cognyte reported adjusted earnings of $0.15 per share, well above the $0.09 analyst consensus. Management also highlighted accelerating software growth and expanding profitability, supporting the company’s outlook. Cognyte Software Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Full-year fiscal 2027 EPS guidance was set at approximately $0.47, above the $0.38 consensus estimate. The company’s emphasis on software growth and improving profitability may reinforce expectations for better earnings quality. Cognyte Reports Strong Second Quarter Results
• Neutral Sentiment: Cognyte issued fiscal 2027 revenue guidance of $439 million to $457 million, a range that brackets the roughly $446.4 million analyst forecast. The company also narrowed its revenue outlook, signaling increased visibility but limited room for upside relative to expectations. Cognyte Narrows Revenue Guidance
• Negative Sentiment: Quarterly revenue was $105.5 million, below the $108.5 million consensus estimate. The company also reported a slightly negative net margin and return on equity, which may have prompted investors to take profits despite the EPS beat. Cognyte Shares Rise Following Results

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.