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 EPS guidance of -0.070–0.070 for the period, compared to the consensus EPS 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 Analysts Forecast Growth

CGNT has been the topic of a number of analyst reports. Evercore ISI lifted their price objective on shares of Cognyte Software from $5.00 to $7.50 and gave the stock an in-line rating in a research report on Wednesday, April 10th. Wedbush boosted their target price on shares of Cognyte Software from $5.00 to $8.00 and gave the stock a neutral rating in a research report on Thursday, April 11th. StockNews.com downgraded shares of Cognyte Software from a strong-buy rating to a buy rating in a research report on Thursday, June 13th. Finally, Needham & Company LLC reissued a hold rating on shares of Cognyte Software in a research report on Friday, May 17th.

Cognyte Software Trading Down 6.6 %

NASDAQ CGNT traded down $0.53 during trading hours on Tuesday, reaching $7.48. The company had a trading volume of 467,913 shares, compared to its average volume of 363,074. The stock has a 50-day moving average of $7.37 and a 200 day moving average of $7.08. Cognyte Software has a 1-year low of $4.00 and a 1-year high of $8.64. The stock has a market capitalization of $531.23 million, a P/E ratio of -32.65 and a beta of 1.74.

Cognyte Software (NASDAQ:CGNT) last issued its quarterly earnings results on Tuesday, April 9th. The medical device company reported ($0.28) earnings per share (EPS) for the quarter. Cognyte Software had a negative return on equity of 12.06% and a negative net margin of 4.97%. The firm had revenue of $83.69 million during the quarter. As a group, sell-side analysts predict that Cognyte Software will post -0.3 EPS for the current 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.