Cognyte Software Stock Price, News & Analysis

Cognyte Software (NASDAQ: CGNT) has secured a follow-on order worth over $1 million from a leading North American law enforcement agency (LEA), bringing their total investment to more than $2 million across three orders. The company successfully replaced an incumbent provider by demonstrating superior technology capabilities that increased the agency's mission success rate.

Cognyte's investigative analytics software provides LEAs with real-time actionable insights to expedite investigations, enhance crime prevention, and optimize emergency responses. The solutions support critical activities ranging from preventing criminal activity to coordinating rescue operations during natural disasters.

Cognyte Software (NASDAQ: CGNT), a global leader in investigative analytics software, has announced its participation in the 27th Annual Needham Growth Conference. CEO Elad Sharon and CFO David Abadi will conduct a fireside chat on Wednesday, January 15, 2025, at 9:30 am ET.

The event will be accessible to interested parties through a real-time webcast, with a replay option available on Cognyte's investor relations website at cognyte.com/investors/.

Cognyte Software (NASDAQ: CGNT) has appointed Nadav Argaman as a strategic senior advisor. Argaman, who served as director of the Israeli Security Agency (ISA) from 2016 to 2021, brings extensive experience in national security, counterterrorism, and intelligence operations. His previous roles include deputy head of the ISA, Operations Division Chief, and ISA representative in the United States.

In his new advisory role, Argaman will support Cognyte's customer engagement strategies and corporate initiatives, leveraging his operational insights and industry relationships. CEO Elad Sharon emphasized Argaman's deep understanding of global threat ecosystems and their value in advancing Cognyte's mission to empower agencies in safeguarding communities.

Cognyte Software (NASDAQ: CGNT) has secured a new contract exceeding $1 million with a tier-1 law enforcement agency in the EMEA region. The agreement, won through a competitive bid process, replaces a longstanding vendor and will provide the agency with advanced investigative analytics capabilities. The implementation aims to modernize the agency's operations, helping prevent and solve crimes, disrupt drug-trafficking networks, and address unlawful entry challenges.

The partnership represents a significant milestone for Cognyte, demonstrating the company's growing influence in the global law enforcement sector and validating its technological solutions and expertise.

Cognyte Software (NASDAQ: CGNT) reported strong Q3 FYE25 results with revenue reaching $89.0 million, up 12.1% year-over-year. The company's financial performance showed improvements with Adjusted EBITDA increasing 41.9% to $6.6 million. Year-to-date revenue grew 11.5% to $256.1 million, while Adjusted EBITDA surged 324.9%.

Cash position strengthened to $107.3 million as of October 31, 2024. The company secured four significant orders, including two deals valued over $20 million each. Based on strong performance and visibility, Cognyte raised its FYE25 outlook, projecting revenue of $349 million (±1%), representing 11% growth, with Adjusted EBITDA of approximately $26 million.

Cognyte Software (NASDAQ: CGNT) has secured a $20-plus million follow-on order from a national security agency in the EMEA region. This expansion enhances the agency's investigative capabilities with advanced AI-based solutions, enabling faster and more accurate investigations. The upgrade addresses the growing data complexity driven by technologies like 5G. Cognyte’s analytics will help the agency process massive data volumes efficiently, improving the identification and neutralization of threats such as terrorism, drug trafficking, and weapons smuggling. These solutions offer critical insights, allowing for proactive risk mitigation and better resource allocation. Gil Cohen, Chief Product Officer at Cognyte, highlighted the importance of their AI capabilities and long-term customer relationships in driving new business opportunities and safeguarding citizens worldwide.

Cognyte Software (NASDAQ: CGNT) hosted its Intelligence Summit 2024, gathering over 300 intelligence, law enforcement and security professionals from approximately 70 countries. The summit showcased the company's latest AI-powered investigative analytics solutions and featured keynote speaker retired Admiral Mike Rogers, former NSA Director.

The event focused on emerging security trends, peer collaboration, and addressing sector challenges. Notable presentations included discussions on leveraging innovative technologies for emerging threats. Timothy O'Callaghan, a retired U.S. Marshal Branch Chief who recently joined Cognyte, highlighted the summit's role in connecting peers and exploring innovations in intelligence.

Cognyte Software (NASDAQ: CGNT) will announce its third quarter FYE25 financial results on December 11, 2024. The results will cover the quarter ending October 31, 2024. A conference call to discuss the results is scheduled for 8:30am ET on the same day. Prior to the call, an earnings press release will be issued. A real-time webcast of the call, including presentation slides, will be accessible via the Investor Relations section of Cognyte's website. Participants interested in the Q&A session must register to obtain the necessary dial-in numbers and unique PIN. Early registration is recommended.

Cognyte Software (NASDAQ: CGNT) has secured a follow-on order exceeding $2 million from a leading North American law enforcement agency (LEA). This marks the third order within a year, bringing the total investment to over $3 million. The LEA has replaced its previous provider with Cognyte's investigative analytics software to enhance operational intelligence capabilities, including threat recognition and community safety measures across a wide geographic region. The implementation enables improved search and rescue operations, emergency responses, and crime prevention through advanced technologies and data analysis.