Cognyte Software (NASDAQ:CGNT) Releases FY25 Earnings Guidance

Cognyte Software (NASDAQ:CGNT) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided EPS guidance of $(0.03) for the period, compared to the consensus EPS estimate of ($0.07). The company issued revenue guidance of $340.1-$353.9 million, compared to the consensus revenue estimate of $343.40 million. Cognyte Software also updated its FY 2025 guidance to -0.030–0.030 EPS.

Analysts Set New Price Targets

CGNT has been the subject of several research reports. Needham & Company LLC reiterated a hold rating on shares of Cognyte Software in a research note on Tuesday. StockNews.com raised shares of Cognyte Software from a buy rating to a strong-buy rating in a research report on Friday, June 21st. Finally, Wedbush raised their price objective on Cognyte Software from $8.00 to $9.00 and gave the company a neutral rating in a research report on Thursday, June 20th.

Cognyte Software Stock Down 13.0 %

Shares of NASDAQ:CGNT opened at $6.47 on Wednesday. The company has a 50 day moving average of $7.46 and a two-hundred day moving average of $7.51. Cognyte Software has a 52-week low of $4.00 and a 52-week high of $8.70. The company has a market capitalization of $465.13 million, a price-to-earnings ratio of -38.06 and a beta of 1.74.

Cognyte Software (NASDAQ:CGNT) last issued its quarterly earnings data on Tuesday, September 10th. The medical device company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.07. The firm had revenue of $84.40 million for the quarter, compared to analyst estimates of $83.69 million. Cognyte Software had a negative net margin of 3.70% and a negative return on equity of 5.94%. The firm’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.11) EPS. On average, equities analysts anticipate that Cognyte Software will post -0.31 earnings per share for the current year.

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.