Cognyte Software Stock Price, News & Analysis

Cognyte (NASDAQ: CGNT) has announced an expansion of its ELITE Strategic Partner Program aimed at enhancing its presence in the investigative analytics market. The program enables strategic partners to combine Cognyte's advanced software with their services, addressing the growing needs of security organizations. Partners can quickly capitalize on high-growth markets through revenue from implementation and integration services. Cognyte is recognized as a leader in investigative analytics, leveraging over 25 years of expertise to provide actionable insights for governments and enterprises globally.

Cognyte Software Ltd. (NASDAQ: CGNT) reported Q4 FYE22 revenue of $125 million, a slight increase from Q3 but below guidance due to supply chain issues and lower pipeline conversion. For FYE22, revenue reached $474 million, reflecting a 6.9% year-over-year growth. Gross margins improved with GAAP at 71.8%. However, the company reported diluted EPS of $(0.19) (GAAP) for Q4 and $(0.22) (GAAP) for FYE22. CEO Elad Sharon highlighted challenges in forecasting and stated that FYE23 guidance couldn't be provided, but expressed confidence in the company's long-term growth potential.

Cognyte Software Ltd. (NASDAQ: CGNT) will hold a conference call on April 5, 2022, at 8:30 AM ET, to discuss its fourth quarter and full-year financial results for the year ending January 31, 2022. An earnings press release will be scheduled beforehand. Interested parties can access the call via telephone or through a live webcast on the company's Investor Relations website. Cognyte specializes in security analytics software, serving over 1,000 government and enterprise clients across more than 100 countries.

Cognyte Software Ltd. (NASDAQ: CGNT) announced a fireside chat featuring CEO Elad Sharon and CFO David Abadi at the Needham Virtual Growth Conference on January 11, 2022, at 10:45 am ET. The event will focus on Cognyte's advancements in security analytics software and its impact on global security. A live webcast and replay will be available on their website.

Cognyte empowers over 1,000 customers in more than 100 countries with Actionable Intelligence for improved security investigations.

Cognyte Software Ltd. (NASDAQ: CGNT) announced its Q3 and YTD results for the fiscal year ending January 31, 2022. Revenue reached $118.4 million in Q3, representing a 4.8% year-over-year increase, with a gross margin of 72.7%. For the year-to-date, revenue is $349.1 million (up 9.3% y-o-y). However, the company revised its FYE22 outlook to reflect 7.5% revenue growth due to pandemic-related deployment delays and component shortages, projecting $480 million in revenue for the full year.

Cognyte (NASDAQ: CGNT) has been recognized as a leader in Frost & Sullivan's 2021 Digital Intelligence Solutions Report, noting its strong performance in both innovation and growth.

The report evaluates companies based on their market share, revenue growth, and R&D capabilities. Cognyte's analytics platform addresses the complexities of modern data, enabling real-time security intelligence.

CEO Amit Daniel emphasized the importance of AI and machine learning in their solutions, validating their commitment to providing actionable insights for security organizations globally.

Cognyte Software Ltd. (NASDAQ: CGNT) will host a conference call on December 21, 2021, at 8:30 am ET to discuss its third-quarter financial results for the period ending October 31, 2021. An earnings press release will precede this call. Investors can access the live audio via telephone and a real-time webcast, including presentation slides, will be available on Cognyte’s website. With over 1,000 customers globally, Cognyte focuses on security analytics software, providing actionable intelligence solutions to enhance safety and security.

Cognyte Software Ltd. (NASDAQ: CGNT) reported strong Q2 FYE22 results with revenue reaching $116 million, up 10.4% year-over-year, and gross profit at $83.9 million, marking a 14.3% increase. Gross margins improved significantly to 72.3%, up 250 bps year-over-year. The company raised its profitability guidance for the full year, anticipating revenue of up to $490 million for FYE22. CEO Elad Sharon noted strong demand for security analytics, supported by notable multi-million dollar orders, reflecting the effectiveness of their software strategy.