Cognyte Software (NASDAQ:CGNT) Issues FY 2027 Earnings Guidance

Cognyte Software (NASDAQ:CGNT) issued an update on its FY 2027 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.470-0.470 for the period, compared to the consensus earnings per share estimate of 0.410. The company issued revenue guidance of $434.6 million-$461.4 million, compared to the consensus revenue estimate of $446.4 million.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CGNT. Wall Street Zen downgraded shares of Cognyte Software from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Lake Street Capital started coverage on shares of Cognyte Software in a research note on Monday, March 2nd. They issued a “buy” rating and a $13.00 target price for the company. Finally, Zacks Research downgraded shares of Cognyte Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Cognyte Software presently has an average rating of “Hold” and an average target price of $13.50.

Cognyte Software Price Performance

Cognyte Software stock traded down $2.34 during mid-day trading on Wednesday, reaching $9.28. 1,690,351 shares of the stock traded hands, compared to its average volume of 519,303. The business’s 50-day moving average is $9.51 and its 200-day moving average is $8.88. Cognyte Software has a 12-month low of $6.29 and a 12-month high of $12.31. The stock has a market capitalization of $678.18 million, a PE ratio of -928.00 and a beta of 1.64.

Cognyte Software (NASDAQ:CGNT) last posted its quarterly earnings data on Wednesday, June 3rd. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.07). Cognyte Software had a negative net margin of 0.16% and a positive return on equity of 0.74%. The company had revenue of $105.49 million during the quarter, compared to the consensus estimate of $105.04 million. Cognyte Software has set its FY 2027 guidance at 0.470-0.470 EPS. Equities analysts anticipate that Cognyte Software will post 0.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. boosted its position in Cognyte Software by 79.4% in the 2nd quarter. Osaic Holdings Inc. now owns 3,634 shares of the company’s stock valued at $34,000 after buying an additional 1,608 shares during the period. Vident Advisory LLC raised its stake in shares of Cognyte Software by 2.6% during the fourth quarter. Vident Advisory LLC now owns 88,648 shares of the company’s stock valued at $833,000 after acquiring an additional 2,225 shares in the last quarter. Sei Investments Co. raised its stake in shares of Cognyte Software by 2.2% during the second quarter. Sei Investments Co. now owns 140,882 shares of the company’s stock valued at $1,302,000 after acquiring an additional 2,988 shares in the last quarter. HRT Financial LP boosted its holdings in shares of Cognyte Software by 2.4% in the fourth quarter. HRT Financial LP now owns 133,055 shares of the company’s stock valued at $1,250,000 after purchasing an additional 3,181 shares during the period. Finally, Quarry LP bought a new position in Cognyte Software in the third quarter worth approximately $33,000. Hedge funds and other institutional investors own 72.92% of the company’s stock.

About Cognyte Software

Cognyte Software Ltd. is a global provider of security analytics solutions that was spun off from NICE Ltd. in early 2021. Headquartered in Israel, the company delivers specialized software and services designed to help government agencies, law enforcement organizations and critical infrastructure operators process and analyze large volumes of data for intelligence and investigative purposes.

The company’s core offerings include advanced analytics platforms that aggregate and visualize structured and unstructured data from diverse sources, such as communications metadata, open-source intelligence and sensor feeds.