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

Cognyte Software (NASDAQ:CGNT) updated 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 earnings per share estimate of 0.380. The company issued revenue guidance of $439.0 million-$457.0 million, compared to the consensus revenue estimate of $446.4 million.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Zacks Research raised shares of Cognyte Software from a “strong sell” rating to a “hold” rating in a research note on Monday, August 3rd. Wall Street Zen lowered shares of Cognyte Software from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $13.50.

Cognyte Software Trading Down 2.8%

Shares of CGNT opened at $8.23 on Wednesday. The company has a market cap of $608.20 million, a price-to-earnings ratio of -205.75 and a beta of 1.67. Cognyte Software has a 1-year low of $6.29 and a 1-year high of $12.31. The company’s fifty day simple moving average is $8.84 and its 200 day simple moving average is $8.91.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Quarry LP bought a new stake in shares of Cognyte Software in the 3rd quarter valued at about $33,000. Osaic Holdings Inc. lifted its stake in Cognyte Software by 79.4% in the 2nd quarter. Osaic Holdings Inc. now owns 3,634 shares of the company’s stock valued at $34,000 after purchasing an additional 1,608 shares during the last quarter. LPL Financial LLC acquired a new stake in Cognyte Software in the 4th quarter valued at about $113,000. Aigen Investment Management LP bought a new position in Cognyte Software during the fourth quarter worth about $141,000. Finally, Brooklyn Investment Group bought a new position in Cognyte Software during the fourth quarter worth about $156,000. 72.92% of the stock is currently 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.