Cognyte Software (NASDAQ:CGNT) Releases FY Earnings Guidance

Cognyte Software (NASDAQ:CGNT) issued an update on its FY earnings guidance on Wednesday morning. The company provided EPS guidance of $0.16 for the period, compared to the consensus EPS estimate of $0.14. The company issued revenue guidance of $392 million at the midpoint (+/-2%), compared to the consensus revenue estimate of $373.50 million.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CGNT shares. Needham & Company LLC reiterated a “hold” rating on shares of Cognyte Software in a research report on Thursday, December 12th. StockNews.com downgraded shares of Cognyte Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th.

Cognyte Software Stock Up 5.4 %

CGNT stock opened at $8.22 on Wednesday. The company has a market cap of $590.97 million, a P/E ratio of -43.26 and a beta of 1.77. Cognyte Software has a twelve month low of $6.21 and a twelve month high of $11.12. The business has a fifty day moving average of $9.13 and a 200-day moving average of $8.21.

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.