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

Cognyte Software (NASDAQ:CGNT) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of -0.070–0.070 for the period, compared to the consensus estimate of -0.120. The company issued revenue guidance of $337.1 million-$350.9 million, compared to the consensus revenue estimate of $339.0 million. Cognyte Software also updated its FY25 guidance to ($0.07) EPS.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CGNT. StockNews.com downgraded shares of Cognyte Software from a strong-buy rating to a buy rating in a report on Thursday, June 13th. Needham & Company LLC reaffirmed a hold rating on shares of Cognyte Software in a report on Tuesday. Wedbush lifted their price objective on Cognyte Software from $5.00 to $8.00 and gave the stock a neutral rating in a report on Thursday, April 11th. Finally, Evercore ISI upped their target price on Cognyte Software from $5.00 to $7.50 and gave the company an in-line rating in a research note on Wednesday, April 10th.

Cognyte Software Price Performance

NASDAQ:CGNT opened at $7.60 on Thursday. Cognyte Software has a 12-month low of $4.00 and a 12-month high of $8.70. The firm has a 50-day moving average price of $7.38 and a 200 day moving average price of $7.10.

Cognyte Software (NASDAQ:CGNT) last issued its earnings results on Tuesday, June 18th. The medical device company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.03. The business had revenue of $82.70 million during the quarter, compared to analysts’ expectations of $82.05 million. Cognyte Software had a negative return on equity of 5.98% and a negative net margin of 3.70%. Cognyte Software’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.25) EPS. As a group, equities analysts anticipate that Cognyte Software will post -0.3 EPS for the current year.

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.