Cognyte Software (NASDAQ:CGNT) Issues FY25 Earnings Guidance

Cognyte Software (NASDAQ:CGNT - Get Free Report) updated its FY25 earnings guidance on Wednesday. The company provided EPS guidance of $0.05 for the period, compared to the consensus EPS estimate of ($0.56). The company issued revenue guidance of $349 million, compared to the consensus revenue estimate of $346.87 million. Cognyte Software also updated its FY 2025 guidance to 0.050-0.050 EPS.

Cognyte Software Trading Down 4.6 %

NASDAQ:CGNT traded down $0.40 on Wednesday, reaching $8.22. 673,338 shares of the stock traded hands, compared to its average volume of 309,248. The firm has a market capitalization of $590.94 million, a price-to-earnings ratio of -123.13 and a beta of 1.81. Cognyte Software has a 1-year low of $5.12 and a 1-year high of $9.12. The company'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 released its earnings results on Tuesday, September 10th. The company reported $0.05 earnings per share (EPS) 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 business had revenue of $84.40 million for the quarter, compared to analyst estimates of $83.69 million. During the same quarter in the previous year, the business earned ($0.11) earnings per share. Cognyte Software's revenue for the quarter was up 9.5% on a year-over-year basis. On average, equities research analysts forecast that Cognyte Software will post -0.28 EPS for the current fiscal year.

Cognyte Software announced that its Board of Directors has approved a stock repurchase program on Tuesday, November 12th that authorizes the company to buyback $20.00 million in shares. This buyback authorization authorizes the company to buy up to 3.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. StockNews.com raised Cognyte Software from a "buy" rating to a "strong-buy" rating in a research report on Tuesday. Needham & Company LLC reiterated a "hold" rating on shares of Cognyte Software in a report on Tuesday, September 10th.

Insiders Place Their Bets

In other news, insider Topline Capital Management, Ll bought 416,040 shares of the stock in a transaction dated 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 trade represents a 4.84 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

About Cognyte Software

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.