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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.
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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.
Cognyte Software Ltd. (NASDAQ: CGNT) will host a conference call on September 20, 2021, at 8:30 AM ET to discuss its second-quarter financial results for the period ending July 31, 2021. An earnings press release will precede the call. The call will be accessible via a real-time webcast and telephone, with specific dial-in numbers provided for the US, Canada, and international callers. Cognyte, a leader in security analytics software, supports over 1,000 government and enterprise clients globally, focusing on actionable intelligence for enhanced security.
Cognyte Software Ltd. (NASDAQ: CGNT) announced its Q1 FYE22 results, highlighting significant growth in revenues and profits. For the three months ending April 30, 2021, revenue reached $114.7 million, a 13.1% year-over-year increase, while gross profit grew by 19.5% to $81.9 million. The gross margin improved to 71.4%. CEO Elad Sharon noted strong market demand and numerous large orders. The company expects a continued upward trajectory, projecting a 9% revenue increase for Q2 and a full-year revenue guidance of approximately $490 million.
Cognyte Software Ltd. (Nasdaq: CGNT), a leader in security analytics software, announced that CEO Elad Sharon and CFO David Abadi will participate in various virtual investor meetings in May and June 2021. Key events include:
- May 20: Needham's 16th Annual Technology and Media Conference
- May 24: Oppenheimer's 22nd Annual Israeli Conference
- June 2: Cowen's Technology, Media & Telecom Conference
- June 7: Evercore ISI's Inaugural TMT Conference
- June 8: Stifel's Cross Sector Insight Conference
For meeting inquiries, contact your broker's representative.
Cognyte Software Ltd. (NASDAQ: CGNT) announced its results for the three months and year ending January 31, 2021. Q4 revenue reached $124.0 million (GAAP) with a gross margin of 69.8%. For FYE21, revenue totaled $443.5 million, and gross margin improved to 70.1%. The company forecasts Q1 FYE22 revenue between $113 - $115 million and an EPS of at least $0.15. For FYE22, projected revenue is $490 million with an EPS of $0.80. Cognyte emphasizes its focus on security analytics following its separation from Verint.
Cognyte (Nasdaq: CGNT) will host a conference call on April 29, 2021, at 8:30am ET to discuss its financial results for the fourth quarter and full year ended January 31, 2021. Prior to the call, an earnings press release will be issued. The call can be accessed via telephone at (800) 708-4540 for the US and Canada, and (847) 619-6397 internationally. The passcode is 50154360. Cognyte specializes in security analytics software, providing actionable intelligence to over 1,000 customers globally, focusing on national and cybersecurity.
Verint (Nasdaq: VRNT) reported its fourth quarter and full-year financial results for the period ending January 31, 2021. The announcement includes key financial data from its Cyber Intelligence segment, which is now part of Cognyte (Nasdaq: CGNT). Verint's accounting policies may result in slight differences in the financial results that Cognyte will report in April. The company will hold a conference call later to discuss these results and its future outlook.
Cognyte (Nasdaq: CGNT), a leader in security analytics software, announced its participation in the Wedbush Security Conference on March 11, 2021. CEO Elad Sharon and CFO David Abadi will address questions during a virtual fireside chat at 10:30 AM ET. Over 1,000 clients across more than 100 countries utilize Cognyte's solutions to enhance security investigations. Cognyte focuses on delivering Actionable Intelligence to help organizations identify and neutralize threats to national security and business operations. For attendance inquiries, contact Wedbush at tmt@wedbush.com.