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. provides software-driven investigative analytics and data-processing technology used by law enforcement, national security, military intelligence agencies and other organizations. Company updates commonly address AI-enabled analytics, big data and machine-learning capabilities that help customers work across complex, multi-source data for investigations and operations.
Recurring news themes include subscription agreements, follow-on orders and customer expansions in EMEA, U.S. law enforcement and military intelligence markets; tactical SIGINT deployments; LUMINAR threat intelligence research; quarterly and annual financial results; and share repurchase authorizations.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Cognyte Software Ltd. (NASDAQ: CGNT) reported its fiscal fourth quarter and full year results for 2023, highlighting a non-GAAP revenue of $73,572 thousand for Q4 and $313,105 thousand for the year, marking a growth of approximately 6% year-over-year. The company achieved a gross margin of 64.9% in Q4 and 63.5% for the full year. However, the diluted EPS losses were $(0.16) in Q4 and $(1.24) for the year. Cognyte raised its revenue guidance for Fiscal 2024 to approximately $300 million and expects to achieve positive quarterly EBITDA by Q4 of Fiscal 2024. Executives emphasized improved cash flow from operations, significant backlog, and a favorable cost structure as drivers of future growth, while acknowledging the uncertainty in non-GAAP adjustments and future acquisitions.
Cognyte Software Ltd. (NASDAQ: CGNT) will host a conference call on April 11, 2023, at 8:30 am ET to discuss its fourth quarter and full-year fiscal 2023 financial performance, concluding January 31, 2023. An earnings press release will precede the call. Interested participants can join via a real-time webcast available on the company's Investor Relations page. Those wishing to engage in the Q&A session must register to receive dial-in numbers and a unique PIN. Cognyte provides investigative analytics software to government entities, aiding in national security and criminal investigations.
Cognyte Software Ltd. (NASDAQ: CGNT), a leader in investigative analytics software, will host a virtual fireside chat at the Needham Growth Conference on January 12, 2023, at 8:45 AM ET. CEO Elad Sharon and CFO David Abadi will participate, offering insights into the company's innovative solutions that assist governments and enterprises in investigative processes. A webcast and replay will be available on their Investors page. Cognyte aims to enhance investigation effectiveness for national security and public safety.
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.