Cognyte Software (NASDAQ:CGNT – Get Free Report) posted its quarterly earnings results on Tuesday. The medical device company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.07, Briefing.com reports. Cognyte Software had a negative net margin of 3.70% and a negative return on equity of 5.94%. The business had revenue of $84.40 million during the quarter, compared to analyst estimates of $83.69 million. During the same period in the prior year, the firm earned ($0.11) earnings per share. The firm’s revenue was up 9.5% compared to the same quarter last year. Cognyte Software updated its FY 2025 guidance to -0.030–0.030 EPS and its FY25 guidance to $(0.03) EPS.
Cognyte Software Stock Performance
NASDAQ:CGNT opened at $6.30 on Thursday. Cognyte Software has a 52 week low of $4.00 and a 52 week high of $8.70. The stock’s 50 day moving average price is $7.43 and its 200 day moving average price is $7.50. The company has a market capitalization of $447.44 million, a P/E ratio of -37.06 and a beta of 1.74.
Analyst Ratings Changes
A number of research firms recently commented on CGNT. Wedbush increased their price objective on Cognyte Software from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, June 20th. Needham & Company LLC restated a “hold” rating on shares of Cognyte Software in a report on Tuesday. Finally, StockNews.com downgraded Cognyte Software from a “strong-buy” rating to a “buy” rating in a report on Wednesday.
Cognyte Software Company Profile
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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