Cognyte Software (CGNT) Stock Price, News & Analysis

Company Overview

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. Its solutions are designed to support various use cases and support a range of users, including data analysts, investigation managers, and security operations center operators, as well as operational field teams. In addition, the company provides customer support, professional, and integration services. Its government customers include national, regional, and local government agencies. Cognyte Software Ltd. was incorporated in 2020 and is headquartered in Herzliya, Israel.

Key Stats

• Today's Range: $7.74 to $8.09
• 50-Day Range: $6.45 to $8.14
• 52-Week Range: $4.41 to $8.70
• Volume: 240,184 shs
• Average Volume: 256,439 shs
• Market Capitalization: $562.18 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $8.25
• Consensus Rating: Hold

Cognyte Software Stock Analysis - MarketRank™

Cognyte Software scored higher than 73% of companies evaluated by MarketBeat, and ranked 252nd out of 648 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Cognyte Software has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Cognyte Software has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Cognyte Software are expected to grow in the coming year, from ($0.28) to ($0.24) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Cognyte Software is -111.70, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Cognyte Software is -111.70, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Cognyte Software has a P/B Ratio of 2.51. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.04% of the float of Cognyte Software has been sold short.

Short Interest Ratio / Days to Cover

Cognyte Software has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Cognyte Software has recently decreased by 3.43%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Cognyte Software does not currently pay a dividend.

Dividend Growth

Cognyte Software does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 3.1 / 5
• Environmental Score: -0.83

Percentage of Shares Shorted

1.04% of the float of Cognyte Software has been sold short.

Short Interest Ratio / Days to Cover

Cognyte Software has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Cognyte Software has recently decreased by 3.43%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 0.34

News Sentiment

Cognyte Software has a news sentiment score of 0.34. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.62 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Cognyte Software this week, compared to 2 articles on an average week.

Search Interest

1 people have searched for CGNT on MarketBeat in the last 30 days.

MarketBeat Follows

1 people have added Cognyte Software to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 5.0 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Cognyte Software insiders have bought more of their company's stock than they have sold. Specifically, they have bought $6,114,211.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

62.70% of the stock of Cognyte Software is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

72.92% of the stock of Cognyte Software is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CGNT Stock Analysis - Frequently Asked Questions

How have CGNT shares performed this year?

Cognyte Software's stock was trading at $6.43 at the start of the year. Since then, CGNT stock has increased by 21.6% and is now trading at $7.82.
View the best growth stocks for 2024 here.

How were Cognyte Software's earnings last quarter?

Cognyte Software Ltd. (NASDAQ:CGNT) issued its quarterly earnings results on Tuesday, September, 10th. The medical device company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.02) by $0.07. Cognyte Software's revenue for the quarter was up 9.5% compared to the same quarter last year.

How will Cognyte Software's stock buyback program work?

Cognyte Software's board initiated a stock buyback program on Tuesday, November 12th 2024, which allows the company to repurchase $20,000,000 in shares, according to EventVestor. This means that the company could reacquire up to 3.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's leadership believes its shares are undervalued.

Who are Cognyte Software's major shareholders?

Top institutional investors of Cognyte Software include American Capital Management Inc. (8.91%), Edenbrook Capital LLC (8.74%), Senvest Management LLC (2.03%) and Connor Clark & Lunn Investment Management Ltd. (1.16%). Insiders that own company stock include Topline Capital Management, Ll and Topline Capital Partners, Lp.
View institutional ownership trends.

How do I buy shares of Cognyte Software?

Shares of CGNT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Cognyte Software own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Cognyte Software investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Arista Networks (ANET), Jabil (JBL), e.l.f. Beauty (ELF) and Adobe (ADBE).

Company Calendar

• Last Earnings: 9/10/2024
• Today: 11/23/2024
• Next Earnings (Estimated): 12/11/2024
• Fiscal Year End: 1/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Prepackaged software
• Sub-Industry: Computer Software
• Current Symbol: NASDAQ:CGNT
• CUSIP: N/A
• CIK: 894237
• Web: www.cogentixmedical.com
• Phone: 972-9962-2300
• Fax: N/A
• Employees: 1,613
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $8.25
• High Stock Price Target: $9.00
• Low Stock Price Target: $7.50
• Potential Upside/Downside: +5.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.07)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-15,570,000.00
• Net Margins: -1.35%
• Pretax Margin: -1.44%
• Return on Equity: -2.56%
• Return on Assets: -1.17%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.33
• Quick Ratio: 1.21

Sales & Book Value

• Annual Sales: $313.40 million
• Price / Sales: 1.79
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $3.12 per share
• Price / Book: 2.51

Miscellaneous

• Outstanding Shares: 71,890,000
• Free Float: 26,816,000
• Market Cap: $562.18 million
• Optionable: Optionable
• Beta: 1.72