Cognyte Software (NASDAQ:CGNT - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.050-0.050 for the period, compared to the consensus earnings per share estimate of -0.030. The company issued revenue guidance of $345.5 million-$352.5 million, compared to the consensus revenue estimate of $346.1 million. Cognyte Software also updated its FY25 guidance to $0.05 EPS.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on CGNT shares. StockNews.com raised shares of Cognyte Software from a "buy" rating to a "strong-buy" rating in a research note on Tuesday. Needham & Company LLC reissued a "hold" rating on shares of Cognyte Software in a research note on Tuesday, September 10th.
Read Our Latest Analysis on CGNT
Cognyte Software Trading Down 4.6 %
Shares of NASDAQ CGNT traded down $0.40 during mid-day trading on Wednesday, reaching $8.22. The company had a trading volume of 672,354 shares, compared to its average volume of 308,957. The stock has a market cap of $590.94 million, a price-to-earnings ratio of -123.13 and a beta of 1.81. Cognyte Software has a 52 week low of $5.12 and a 52 week high of $9.12. The business's 50-day moving average is $7.23 and its 200-day moving average is $7.34.
Cognyte Software (NASDAQ:CGNT - Get Free Report) last posted its quarterly earnings results on Tuesday, September 10th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.07. Cognyte Software had a negative net margin of 1.35% and a negative return on equity of 2.56%. The firm had revenue of $84.40 million during the quarter, compared to the consensus estimate of $83.69 million. During the same quarter in the previous year, the firm posted ($0.11) earnings per share. The company's revenue was up 9.5% on a year-over-year basis. As a group, equities research analysts forecast that Cognyte Software will post -0.28 earnings per share for the current year.
Cognyte Software announced that its board has authorized a stock repurchase plan on Tuesday, November 12th that permits the company to repurchase $20.00 million in shares. This repurchase authorization permits the company to repurchase up to 3.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.
Insider Buying and Selling
In related news, insider Topline Capital Management, Ll bought 416,040 shares of the stock in a transaction on Thursday, September 12th. The stock was bought at an average price of $6.30 per share, for a total transaction of $2,621,052.00. Following the completion of the acquisition, the insider now directly owns 9,020,184 shares in the company, valued at approximately $56,827,159.20. This represents a 4.84 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
About Cognyte Software
(
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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.
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