Cognyte Software (NASDAQ:CGNT) Updates FY Earnings Guidance

Cognyte Software (NASDAQ:CGNT) updated its FY earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.16 for the period, compared to the consensus estimate of $0.14. The company issued revenue guidance of $392 million at the midpoint (+/-2%), compared to the consensus revenue estimate of $373.50 million.

Cognyte Software Stock Up 5.4 %

NASDAQ:CGNT opened at $8.22 on Wednesday. Cognyte Software has a twelve month low of $6.21 and a twelve month high of $11.12. The firm has a market capitalization of $590.97 million, a price-to-earnings ratio of -43.26 and a beta of 1.77. The stock’s 50 day moving average price is $9.13 and its two-hundred day moving average price is $8.21.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. StockNews.com lowered shares of Cognyte Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Needham & Company LLC reissued a “hold” rating on shares of Cognyte Software in a research report on Thursday, December 12th.

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.