Welcome to our dedicated page for Cognyte Software news (Ticker: CGNT), a resource for investors and traders seeking the latest updates and insights on Cognyte Software stock.
Cognyte Software Ltd. (NASDAQ: CGNT) is a software-driven technology company focused on data processing and investigative analytics, and the CGNT news feed reflects that focus. Public announcements describe Cognyte as providing security analytics and investigative analytics software that helps customers generate Actionable Intelligence for a Safer World™, particularly in law enforcement, national security and military intelligence contexts.
On this page, readers can follow Cognyte’s company news, including earnings-related press releases, conference call announcements and participation in investor events. The company regularly furnishes press releases via Form 6-K that cover quarterly financial results, outlook commentary and information about share repurchase authorizations and annual general meetings.
News items also highlight Cognyte’s customer engagements and operational deployments. Recent releases describe new multi-unit wins with Tier-1 law enforcement agencies in the EMEA region, contracts with Tier-1 military intelligence organizations, and follow-on agreements with long-standing military intelligence customers in APAC. These updates provide insight into how Cognyte’s investigative analytics and tactical SIGINT solutions are being adopted across regions and mission types.
In addition, Cognyte uses news releases to showcase its presence at homeland security and law enforcement events, such as Milipol Paris and the IACP Conference, and to announce threat trend reports on topics like how Gen Z and Gen Alpha are reshaping crime. For investors, analysts and security professionals, the CGNT news stream offers a consolidated view of Cognyte’s operational developments, customer wins, research publications and financial communications over time.
Cognyte Software Ltd. (NASDAQ: CGNT) reported its Q3 FYE23 results, revealing a revenue of $71.3 million (GAAP) and $71.5 million (non-GAAP), with a gross margin of 62.0% (GAAP) and 63.4% (non-GAAP). The diluted EPS was $(0.41) (GAAP) and $(0.25) (non-GAAP). For the YTD FYE23, revenue stood at $238.8 million (GAAP) and $239.5 million (non-GAAP). The company anticipates a sequential revenue growth resumption in Q4 and targets a 5% revenue increase for FYE24. Operational changes and divestitures aim to enhance cash flow, targeting breakeven cash flow in the current quarter.
Cognyte Software Ltd. (NASDAQ: CGNT) plans to hold a conference call on December 20, 2022, at 8:30 AM ET to discuss its third quarter fiscal 2023 financial results for the period ending October 31, 2022. An earnings press release will be issued beforehand. Investors can access the call via a real-time webcast available in the Investor Relations section of the company’s website, with registration recommended 10 minutes prior to the start.
Cognyte Software Ltd. (NASDAQ: CGNT) has entered a definitive agreement to divest its Situational Intelligence solutions to the Volaris Group for US$47.5 million plus potential earn-out payments of up to US$35.0 million. The divestiture, set to close in the fourth quarter, aims to sharpen Cognyte's focus on fewer use cases to enhance growth and margins. The divested assets, which accounted for approximately 10% of its total revenue in the first half of the fiscal year, include products, intellectual property, and around 10% of employees. The transaction is subject to regulatory approvals.
Cognyte Software Ltd. (NASDAQ: CGNT) reported Q2 FYE23 revenue of $81.1 million (GAAP), signaling a decline amidst a global economic slowdown. Despite disappointing sales, the company noted stronger bookings than revenue, leading to an increase in backlog. Q2 gross margins were 63.4% (GAAP), while diluted EPS was $(0.43) (GAAP). For H1, total revenue reached $167.5 million with a gross margin of 61.5% (GAAP) and a diluted EPS of $(0.88). Management is focusing on optimizing resources and aims to return to growth and profitability.
Cognyte Software Ltd. (NASDAQ: CGNT) will hold a conference call on September 28, 2022, at 8:30 AM ET to discuss its Q2 fiscal 2023 financial results for the period ending July 31, 2022. An earnings press release will precede the call. Participants can access the call via a real-time webcast available on Cognyte's website. The company specializes in investigative analytics software, serving over 1,000 government and enterprise customers worldwide. For more details, visit www.cognyte.com.
Cognyte Software Ltd. (NASDAQ: CGNT) reported disappointing results for Q1 FYE23, with revenue at $86.4 million (GAAP) and $86.7 million (non-GAAP). Gross margin was 59.7% (GAAP) and 60.8% (non-GAAP). The company faced challenges due to slow pipeline conversion and supply chain issues, leading to a diluted EPS of $(0.45) (GAAP) and $(0.79) (non-GAAP). CEO Elad Sharon expressed optimism about long-term opportunities but noted an inability to provide guidance at this time.
Cognyte Software Ltd. (NASDAQ: CGNT) will hold a conference call on June 28, 2022, at 8:30 AM ET to discuss its Q1 FY 2023 financial results, covering the period ending April 30, 2022. An earnings press release will precede the call. The call will be accessible via telephone and a live webcast, which will include presentation slides. Cognyte specializes in investigative analytics software, helping over 1,000 clients enhance investigation efficacy for various security threats.
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.