Cognyte Software (NASDAQ:CGNT) Releases FY 2027 Earnings Guidance
by Mitch Edgeman · The Markets DailyCognyte Software (NASDAQ:CGNT – Get Free Report) issued an update on its FY 2027 earnings guidance on Thursday morning. 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.
Cognyte Software Stock Down 3.4%
NASDAQ CGNT traded down $0.30 on Thursday, hitting $8.47. 454,442 shares of the stock were exchanged, compared to its average volume of 420,821. Cognyte Software has a fifty-two week low of $6.29 and a fifty-two week high of $11.65. The company has a market cap of $618.99 million, a PE ratio of -847.00 and a beta of 1.53. The company has a 50-day moving average price of $7.90 and a 200-day moving average price of $8.46.
Cognyte Software (NASDAQ:CGNT – Get Free Report) last posted its quarterly earnings results on Wednesday, March 25th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.01 by $0.09. Cognyte Software had a negative net margin of 0.16% and a positive return on equity of 0.74%. The company had revenue of $106.24 million during the quarter, compared to analysts’ expectations of $106.20 million. As a group, equities research analysts predict that Cognyte Software will post -0.2 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts have commented on CGNT shares. Lake Street Capital began coverage on shares of Cognyte Software in a report on Monday, March 2nd. They set a “buy” rating and a $13.00 price target for the company. Wall Street Zen raised shares of 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 report on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $13.50.
Get Our Latest Stock Analysis on CGNT
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. PharVision Advisers LLC purchased a new position in shares of Cognyte Software in the 3rd quarter valued at $208,000. Virtus Advisers LLC grew its position in shares of Cognyte Software by 428.3% in the 3rd quarter. Virtus Advisers LLC now owns 21,587 shares of the company’s stock valued at $181,000 after buying an additional 17,501 shares during the last quarter. Magnetar Financial LLC grew its position in shares of Cognyte Software by 66.2% in the 3rd quarter. Magnetar Financial LLC now owns 62,112 shares of the company’s stock valued at $522,000 after buying an additional 24,737 shares during the last quarter. State of Tennessee Department of Treasury grew its position in shares of Cognyte Software by 73.5% in the 2nd quarter. State of Tennessee Department of Treasury now owns 61,249 shares of the company’s stock valued at $566,000 after buying an additional 25,953 shares during the last quarter. Finally, Tidal Investments LLC boosted its stake in Cognyte Software by 22.1% during the 2nd quarter. Tidal Investments LLC now owns 49,403 shares of the company’s stock worth $456,000 after purchasing an additional 8,927 shares during the period. 72.92% of the stock is owned by hedge funds and other institutional investors.
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.