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

Cognyte Software (NASDAQ:CGNT) updated its FY 2027 earnings guidance on Wednesday. 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.

Analysts Set New Price Targets

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

Cognyte Software Stock Down 20.0%

CGNT traded down $2.32 during midday trading on Wednesday, hitting $9.30. 1,750,073 shares of the company were exchanged, compared to its average volume of 519,683. The firm has a market capitalization of $679.64 million, a P/E ratio of -930.00 and a beta of 1.64. Cognyte Software has a 1-year low of $6.29 and a 1-year high of $12.31. The firm’s 50 day moving average price is $9.51 and its 200-day moving average price is $8.88.

Cognyte Software (NASDAQ:CGNT) last issued its quarterly earnings results on Wednesday, June 3rd. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.07). The firm had revenue of $105.49 million during the quarter, compared to analyst estimates of $105.04 million. Cognyte Software had a positive return on equity of 0.74% and a negative net margin of 0.16%.Cognyte Software has set its FY 2027 guidance at 0.470-0.470 EPS. On average, sell-side analysts predict that Cognyte Software will post 0.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Millennium Management LLC increased its holdings in Cognyte Software by 101.9% during the first 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 last quarter. Goldman Sachs Group Inc. increased its position in Cognyte Software by 52.6% in the first quarter. Goldman Sachs Group Inc. now owns 131,140 shares of the company’s stock worth $1,023,000 after buying an additional 45,229 shares during the last quarter. JPMorgan Chase & Co. increased its position in Cognyte Software by 36.3% in the second quarter. JPMorgan Chase & Co. now owns 582,139 shares of the company’s stock worth $5,379,000 after buying an additional 154,955 shares during the last quarter. Marshall Wace LLP increased its position in 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 buying an additional 330,569 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its position in shares of Cognyte Software by 25.4% in the second quarter. Qube Research & Technologies Ltd now owns 224,053 shares of the company’s stock valued at $2,070,000 after purchasing an additional 45,449 shares in the last quarter. Institutional investors and hedge funds own 72.92% of the company’s stock.

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.