Cognyte Software (NASDAQ:CGNT) Updates 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.

Cognyte Software Stock Down 6.6 %

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

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. StockNews.com lowered shares of Cognyte Software from a strong-buy rating to a buy rating in a research note on Thursday, June 13th. Wedbush raised their price objective on shares of Cognyte Software from $5.00 to $8.00 and gave the stock a neutral rating in a research note on Thursday, April 11th. Evercore ISI raised their price objective on Cognyte Software from $5.00 to $7.50 and gave the company an in-line rating in a report on Wednesday, April 10th. Finally, Needham & Company LLC restated a hold rating on shares of Cognyte Software in a report on Friday, May 17th.

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.