Cognyte Software (NASDAQ:CGNT) Issues FY25 Earnings Guidance

Cognyte Software (NASDAQ:CGNT) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $(0.03) for the period, compared to the consensus 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.

Cognyte Software Trading Up 0.2 %

Shares of Cognyte Software stock opened at $6.31 on Friday. Cognyte Software has a 52 week low of $4.00 and a 52 week high of $8.70. The company’s 50-day moving average price is $7.40 and its two-hundred day moving average price is $7.49.

Cognyte Software (NASDAQ:CGNT) last announced its quarterly earnings data on Tuesday, September 10th. The medical device company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.07. Cognyte Software had a negative net margin of 1.35% and a negative return on equity of 2.56%. The company had revenue of $84.40 million for the quarter, compared to analysts’ expectations of $83.69 million. During the same quarter in the previous year, the company posted ($0.11) EPS. The business’s revenue was up 9.5% compared to the same quarter last year. As a group, analysts expect that Cognyte Software will post -0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CGNT has been the subject of a number of recent research reports. Needham & Company LLC reiterated a hold rating on shares of Cognyte Software in a research report on Tuesday. Wedbush upped their target price on Cognyte Software from $8.00 to $9.00 and gave the company a neutral rating in a report on Thursday, June 20th. Finally, StockNews.com lowered Cognyte Software from a strong-buy rating to a buy rating in a research report on Wednesday.

Insider Buying and Selling

In other news, major shareholder Topline Capital Partners, Lp bought 553,591 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were bought at an average cost of $6.31 per share, with a total value of $3,493,159.21. Following the purchase, the insider now directly owns 8,604,144 shares in the company, valued at $54,292,148.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, major shareholder Topline Capital Partners, Lp acquired 553,591 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were purchased at an average cost of $6.31 per share, with a total value of $3,493,159.21. Following the completion of the transaction, the insider now owns 8,604,144 shares of the company’s stock, valued at approximately $54,292,148.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Topline Capital Management, Ll bought 416,040 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was bought at an average price of $6.30 per share, with a total value of $2,621,052.00. Following the transaction, the insider now owns 9,020,184 shares in the company, valued at $56,827,159.20. The disclosure for this purchase can be found here. Company insiders own 62.70% of the company’s stock.

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.