Cognyte Software (NASDAQ:CGNT) Updates FY 2025 Earnings Guidance

Cognyte Software (NASDAQ:CGNT) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of -0.030–0.030 for the period, compared to the consensus estimate of -0.070. The company issued revenue guidance of $340.1 million-$353.9 million, compared to the consensus revenue estimate of $343.4 million. Cognyte Software also updated its FY25 guidance to $(0.03) EPS.

Cognyte Software Trading Up 0.8 %

Shares of NASDAQ:CGNT opened at $7.44 on Tuesday. The company has a 50-day moving average price of $7.49 and a 200-day moving average price of $7.51. The company has a market cap of $534.86 million, a price-to-earnings ratio of -43.76 and a beta of 1.74. Cognyte Software has a 12 month low of $4.00 and a 12 month high of $8.70.

Cognyte Software (NASDAQ:CGNT) last announced its quarterly earnings results on Tuesday, June 18th. The medical device company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.03. Cognyte Software had a negative net margin of 3.70% and a negative return on equity of 5.94%. The company had revenue of $82.70 million for the quarter, compared to analysts’ expectations of $82.05 million. During the same quarter in the previous year, the company earned ($0.25) earnings per share. Cognyte Software’s quarterly revenue was up 12.7% on a year-over-year basis. As a group, research analysts forecast that Cognyte Software will post -0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CGNT shares. StockNews.com upgraded shares of Cognyte Software from a buy rating to a strong-buy rating in a report on Friday, June 21st. Wedbush increased their target price on Cognyte Software from $8.00 to $9.00 and gave the company a neutral rating in a research note on Thursday, June 20th. Finally, Needham & Company LLC restated a hold rating on shares of Cognyte Software in a research note on Tuesday, June 18th.

About Cognyte Software

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.