Cognyte Software (NASDAQ:CGNT) Releases FY25 Earnings Guidance

Cognyte Software (NASDAQ:CGNT) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.05 for the period, compared to the consensus earnings per share estimate of ($0.56). The company issued revenue guidance of $349 million, compared to the consensus revenue estimate of $346.87 million. Cognyte Software also updated its FY 2025 guidance to 0.050-0.050 EPS.

Cognyte Software Stock Down 1.7 %

Shares of CGNT opened at $8.62 on Wednesday. Cognyte Software has a 52 week low of $5.12 and a 52 week high of $9.12. The company has a market capitalization of $619.69 million, a price-to-earnings ratio of -123.13 and a beta of 1.81. The stock’s 50-day moving average price is $7.23 and its 200-day moving average price is $7.34.

Cognyte Software (NASDAQ:CGNT) last issued its earnings results on Tuesday, September 10th. The 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 the consensus estimate of $83.69 million. Cognyte Software had a negative return on equity of 2.56% and a negative net margin of 1.35%. The company’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.11) earnings per share. As a group, equities analysts anticipate that Cognyte Software will post -0.28 EPS for the current fiscal year.

Cognyte Software declared that its board has authorized a share repurchase program on Tuesday, November 12th that allows the company to repurchase $20.00 million in shares. This repurchase authorization allows the company to reacquire up to 3.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

CGNT has been the subject of a number of analyst reports. StockNews.com raised Cognyte Software from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Needham & Company LLC reissued a “hold” rating on shares of Cognyte Software in a report on Tuesday, September 10th.

Insider Buying and Selling at Cognyte Software

In related news, insider Topline Capital Management, Ll purchased 416,040 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was purchased at an average price of $6.30 per share, with a total value of $2,621,052.00. Following the completion of the acquisition, the insider now owns 9,020,184 shares in the company, valued at $56,827,159.20. This trade represents a 4.84 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

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.