Cognyte Software (NASDAQ:CGNT) Issues Earnings Results

Cognyte Software (NASDAQ:CGNT) announced its quarterly earnings data on Wednesday. The company reported $0.07 EPS for the quarter, reports. Cognyte Software had a negative return on equity of 13.30% and a negative net margin of 3.95%. The firm had revenue of $95.55 million for the quarter, compared to the consensus estimate of $93.96 million. Cognyte Software updated its FY 2026 guidance to 0.190-0.190 EPS.

Cognyte Software Stock Performance

NASDAQ:CGNT opened at $9.58 on Thursday. The stock has a 50-day simple moving average of $10.02 and a 200-day simple moving average of $9.34. The stock has a market cap of $690.31 million, a P/E ratio of -50.42 and a beta of 1.73. Cognyte Software has a 1 year low of $6.21 and a 1 year high of $11.66.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Needham & Company LLC restated a “hold” rating on shares of Cognyte Software in a research report on Wednesday. Wall Street Zen upgraded Cognyte Software from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 12th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Cognyte Software stock. Millennium Management LLC raised its stake in shares of Cognyte Software Ltd. (NASDAQ:CGNT) by 101.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 921,853 shares of the company’s stock after acquiring an additional 465,307 shares during the period. Millennium Management LLC owned approximately 1.28% of Cognyte Software worth $7,190,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 72.92% of the company’s stock.

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.