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 (NASDAQ: CGNT) has secured two new agreements worth over $10 million with a longstanding military intelligence customer in the Asia-Pacific region. The agreements focus on enhancing border security capabilities through technology upgrades and expansion. The first agreement involves upgrading existing Cognyte solutions with latest versions, while the second introduces a new solution following a rigorous evaluation process. These implementations aim to optimize personnel allocation and prevent unauthorized access, strengthening the customer's national security measures.
Cognyte Software (NASDAQ: CGNT) has announced a $20 million share repurchase program authorized by its board of directors. The program, extending through June 12, 2026, allows the company to buyback ordinary shares through open market purchases and private transactions. The initiative reflects management's confidence in the company's growth prospects and cash generation capabilities. Repurchases will commence after a 30-day creditor objection period and will be funded through existing cash and ongoing cash flow. The program can be suspended or discontinued at the company's discretion, with acquired shares available for general corporate purposes.
Cognyte Software (NASDAQ: CGNT) has secured a $10+ million expansion agreement with a longstanding law enforcement customer in the Asia-Pacific region. The deal focuses on enhancing border security and investigative capabilities through advanced analytics solutions. The expanded capacity will help local law enforcement agencies (LEAs) protect border integrity and respond to emerging threats across a broad geographic region. The solution aims to prevent unauthorized entry and criminal movement while improving resource allocation for public safety.
Cognyte Software (NASDAQ: CGNT), a leader in investigative analytics software, announced its participation in the Needham Virtual Infrastructure, Data Analytics Software, & Cloud Communications Conference. CEO Elad Sharon and CFO David Abadi will conduct a virtual fireside chat on November 20, 2024, at 8:45 am ET. The discussion will be available via live webcast and replay on Cognyte's investor relations website.
Cognyte Software (NASDAQ: CGNT) has secured a one-year support agreement worth over $20 million with a national security agency in the EMEA region. The agreement focuses on providing advanced AI solutions and investigative analytics capabilities to enhance the agency's security initiatives. The customer, a longstanding partner, will receive comprehensive software support services and updates to strengthen their public safety and anti-terror operations. The solution aims to help the agency tackle growing data volumes and increasing operational demands while maintaining scalability for future challenges.
Cognyte Software (NASDAQ: CGNT) has been recognized for its AI-driven threat intelligence solution, LUMINAR, in the 2024 Gartner® Emerging Tech: The Future of Cyberthreat Intelligence research. The report highlights the growing importance of AI and GenAI in enhancing TI solutions with automated search and reporting capabilities.
Gartner predicts that by 2027, AI/GenAI will significantly improve TI solutions, addressing the challenges faced by security operations teams due to skills and resources. Cognyte's LUMINAR solution integrates advanced generative AI technologies, positioning it as one of the few cutting-edge offerings in the market.
Gil Cohen, Chief Product Officer at Cognyte, emphasized the company's commitment to delivering exceptional value and support to customers in managing complex cybersecurity tasks. This recognition underscores Cognyte's ongoing efforts to innovate and stay ahead in the rapidly evolving field of cyberthreat intelligence.
Cognyte Software (NASDAQ: CGNT) reported strong Q2 FYE25 results, with revenue increasing to $84.4 million, up from $77.1 million in Q2 FYE24. The company's gross margin improved to 70.6% GAAP and 71.3% non-GAAP. For H1 FYE25, revenue grew by 11% to $167.1 million. Cognyte's AI-driven solutions are driving follow-on orders and new customer acquisitions. The company has raised its FYE25 guidance, projecting revenue of $347 million at the midpoint, representing approximately 11% growth from the previous year. Adjusted EBITDA is expected to be around $25 million at the midpoint of the revenue outlook.
Cognyte Software (NASDAQ: CGNT) announced the results of its Fiscal Year 2025 Annual Meeting of Shareholders. Shareholders reelected both company nominees, Chairman Earl Shanks and CEO Elad Sharon, to the Board of Directors with significant majority support. The proposal to approve amendments to the CEO's compensation plan was also supported.
Cognyte expressed gratitude for shareholder engagement and pledged to enhance Board composition and provide additional disclosures in the coming months. The company will report the results of the FY2025, FY2024, and FY2023 Annual Meetings on a Form 6-K to be filed with the SEC, available on their investor relations website and sec.gov.
Value Base, Cognyte Software's largest shareholder (9.33% stake), announces support from Neuberger Berman (7.16% stake) for its proposals at the upcoming AGM. Both major shareholders advocate for:
- Voting AGAINST Chairman Earl Shanks' re-election
- Voting AGAINST the CEO compensation plan
- Voting FOR Tal Yaacobi's election to the board
Neuberger Berman cites concerns over Cognyte's lack of standard software industry KPIs, poor stock performance (>70% decline since 2021 listing), and inadequate board expertise. Value Base urges shareholders to support these proposals, emphasizing the need for change due to the 75% share price decline during Shanks' tenure.
Cognyte Software (NASDAQ: CGNT), a leader in investigative analytics software, has announced a conference call on September 10, 2024, at 8:30 a.m. ET to review its second quarter FYE25 financial results for the quarter ending July 31, 2024. An earnings press release will be issued before the call. The company will host a real-time webcast with presentation slides in the Investor Relations section of their website. To participate in the Q&A session, interested parties must register to receive dial-in numbers and a unique PIN. It's recommended to join 10 minutes before the event starts, although registration and dial-in are available throughout the call.