Cognyte Software (NASDAQ:CGNT) Releases FY 2025 Earnings Guidance

Cognyte Software (NASDAQ:CGNT) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of -0.030–0.030 for the period, compared to the consensus estimate of -0.070. The company issued revenue guidance of $340.1 million-$353.9 million, compared to the consensus revenue estimate of $343.4 million. Cognyte Software also updated its FY25 guidance to $(0.03) EPS.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CGNT. StockNews.com cut shares of Cognyte Software from a strong-buy rating to a buy rating in a research report on Wednesday. Needham & Company LLC restated a hold rating on shares of Cognyte Software in a research report on Tuesday. Finally, Wedbush upped their target price on shares of Cognyte Software from $8.00 to $9.00 and gave the company a neutral rating in a research report on Thursday, June 20th.

Cognyte Software Price Performance

Cognyte Software stock opened at $6.30 on Thursday. Cognyte Software has a 1-year low of $4.00 and a 1-year high of $8.70. The firm has a market capitalization of $447.44 million, a P/E ratio of -37.06 and a beta of 1.74. The company’s 50-day moving average is $7.43 and its 200 day moving average is $7.50.

Cognyte Software (NASDAQ:CGNT) last posted its quarterly earnings data on Tuesday, September 10th. The medical device company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.07. Cognyte Software had a negative net margin of 3.70% and a negative return on equity of 5.94%. The company had revenue of $84.40 million for the quarter, compared to analyst estimates of $83.69 million. During the same period in the prior year, the company posted ($0.11) EPS. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. Research analysts anticipate that Cognyte Software will post -0.31 earnings per share for the current fiscal year.

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.