Cognyte Software (NASDAQ:CGNT) Updates 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 (EPS) guidance of 0.470-0.470 for the period, compared to the consensus EPS estimate of 0.380. The company issued revenue guidance of $439.0 million-$457.0 million, compared to the consensus revenue estimate of $446.4 million.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CGNT shares. Wall Street Zen cut Cognyte Software from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Zacks Research raised Cognyte Software from a “strong sell” rating to a “hold” rating in a research note on Monday, August 3rd. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $13.50.

Cognyte Software Trading Down 2.8%

NASDAQ CGNT opened at $8.23 on Wednesday. The firm has a market capitalization of $608.20 million, a PE ratio of -205.75 and a beta of 1.67. The business’s 50-day moving average price is $8.84 and its two-hundred day moving average price is $8.91. Cognyte Software has a 12 month low of $6.29 and a 12 month high of $12.31.

Hedge Funds Weigh In On Cognyte Software

Hedge funds have recently added to or reduced their stakes in the stock. Vident Advisory LLC boosted its stake in shares of Cognyte Software by 2.6% in the 4th quarter. Vident Advisory LLC now owns 88,648 shares of the company’s stock worth $833,000 after buying an additional 2,225 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Cognyte Software in the 4th quarter valued at about $887,000. Susquehanna Fundamental Investments LLC purchased a new stake in Cognyte Software in the fourth quarter valued at approximately $551,000. Millennium Management LLC raised its stake in Cognyte Software by 38.4% in the fourth quarter. Millennium Management LLC now owns 295,818 shares of the company’s stock valued at $2,781,000 after purchasing an additional 82,119 shares in the last quarter. Finally, Man Group plc bought a new stake in Cognyte Software during the fourth quarter valued at approximately $566,000. Institutional investors and hedge funds 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.