Cognyte Software (NASDAQ:CGNT) Releases FY25 Earnings Guidance

Cognyte Software (NASDAQ:CGNT) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $(0.03) for the period, compared to the consensus estimate of ($0.07). The company issued revenue guidance of $340.1-$353.9 million, compared to the consensus revenue estimate of $343.40 million. Cognyte Software also updated its FY 2025 guidance to -0.030–0.030 EPS.

Cognyte Software Price Performance

Shares of NASDAQ CGNT opened at $6.30 on Thursday. The stock has a market capitalization of $447.44 million, a PE ratio of -37.06 and a beta of 1.74. The business has a fifty day moving average price of $7.43 and a two-hundred day moving average price of $7.50. Cognyte Software has a fifty-two week low of $4.00 and a fifty-two week high of $8.70.

Cognyte Software (NASDAQ:CGNT) last announced its quarterly earnings data on Tuesday, September 10th. The medical device company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.07. The firm had revenue of $84.40 million during the quarter, compared to analysts’ expectations of $83.69 million. Cognyte Software had a negative return on equity of 5.94% and a negative net margin of 3.70%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.11) EPS. On average, equities analysts expect that Cognyte Software will post -0.31 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on CGNT shares. Needham & Company LLC reaffirmed a hold rating on shares of Cognyte Software in a report on Tuesday. StockNews.com cut Cognyte Software from a strong-buy rating to a buy rating in a report on Wednesday. Finally, Wedbush boosted their price target on Cognyte Software from $8.00 to $9.00 and gave the stock a neutral rating in a report on Thursday, June 20th.

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.