Cognyte Software (NASDAQ:CGNT) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS
Cognyte Software (NASDAQ:CGNT) reported quarterly earnings of $0.03 per share, surpassing estimates of $0.01 by $0.02. The company achieved revenue of $94.51 million, exceeding the expected $93.15 million. Despite a negative net margin of 3.95% and a return on equity of -13.30%, the company improved from a loss of ($0.23) EPS in the same quarter last year. Cognyte updated its FY guidance to $0.16 EPS. Following the announcement, CGNT shares rose 21% to $9.95.
Cognyte Software (NASDAQ:CGNT - Get Free Report) announced its earnings results on Wednesday. The company reported $0.03 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.02, RTT News reports. The company had revenue of $94.51 million during the quarter, compared to the consensus estimate of $93.15 million. Cognyte Software had a negative return on equity of 13.30% and a negative net margin of 3.95%. During the same quarter in the prior year, the company earned ($0.23) earnings per share. Cognyte Software updated its FY guidance to $0.16 EPS and its FY 2026 guidance to 0.160-0.160 EPS.
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Cognyte Software Stock Up 21.0 %
- 2 Recession-Proof Intelligence Stocks to Defend Your Portfolio
Shares of CGNT stock traded up $1.73 during mid-day trading on Wednesday, reaching $9.95. 1,977,766 shares of the company's stock traded hands, compared to its average volume of 284,153. The company's 50-day moving average price is $9.13 and its 200-day moving average price is $8.21. The company has a market cap of $715.35 million, a P/E ratio of -52.37 and a beta of 1.77. Cognyte Software has a 12 month low of $6.21 and a 12 month high of $11.12.
Analysts Set New Price Targets
Several research analysts have commented on CGNT shares. StockNews.com lowered shares of Cognyte Software from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 18th. Needham & Company LLC restated a "hold" rating on shares of Cognyte Software in a report on Wednesday.
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About Cognyte Software
(Get Free Report)Cognyte Software Ltd. provides an investigative analytics software to governments and enterprises worldwide. Its Actionable Intelligence for a Safer World, an open software designed to help governments and enterprises accelerate and enhance the effectiveness of investigations. The company offers network intelligence analytics, threat intelligence analytics, decision intelligence analytics, and operational intelligence analytics solutions.
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