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

Cognyte Software (NASDAQ:CGNT) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.050-0.050 for the period, compared to the consensus estimate of -0.030. The company issued revenue guidance of $345.5 million-$352.5 million, compared to the consensus revenue estimate of $346.1 million.

Cognyte Software Stock Performance

CGNT opened at $8.62 on Wednesday. The company has a market cap of $619.69 million, a PE ratio of -123.13 and a beta of 1.81. Cognyte Software has a 1 year low of $5.12 and a 1 year high of $9.12. The firm has a 50 day moving average price of $7.23 and a 200 day moving average price of $7.34.

Cognyte Software (NASDAQ:CGNT) last posted its earnings results on Tuesday, September 10th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.07. Cognyte Software had a negative net margin of 1.35% and a negative return on equity of 2.56%. The business had revenue of $84.40 million for the quarter, compared to analyst estimates of $83.69 million. During the same quarter in the previous year, the business posted ($0.11) EPS. The business’s quarterly revenue was up 9.5% on a year-over-year basis. On average, sell-side analysts predict that Cognyte Software will post -0.28 earnings per share for the current year.

Cognyte Software declared that its board has authorized a share buyback program on Tuesday, November 12th that authorizes the company to repurchase $20.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 3.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CGNT shares. StockNews.com raised shares of Cognyte Software from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Needham & Company LLC restated a “hold” rating on shares of Cognyte Software in a research note on Tuesday, September 10th.

Insiders Place Their Bets

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

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.