Cognyte Software Stock Price, News & Analysis

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.