Cognyte Software (NASDAQ:CGNT) Issues FY Earnings Guidance

Cognyte Software (NASDAQ:CGNT) updated its FY earnings guidance on Wednesday. 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.

Cognyte Software Price Performance

NASDAQ:CGNT opened at $8.22 on Wednesday. The business’s 50-day simple moving average is $9.13 and its 200-day simple moving average is $8.21. Cognyte Software has a fifty-two week low of $6.21 and a fifty-two week high of $11.12. The stock has a market capitalization of $590.97 million, a PE ratio of -43.26 and a beta of 1.77.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Cognyte Software in a report on Thursday, December 12th. StockNews.com lowered shares of Cognyte Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 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.