Cognyte Software Stock Price, News & Analysis

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.

Cognyte Software Ltd. (NASDAQ: CGNT) reported Q2 FYE23 revenue of $81.1 million (GAAP), signaling a decline amidst a global economic slowdown. Despite disappointing sales, the company noted stronger bookings than revenue, leading to an increase in backlog. Q2 gross margins were 63.4% (GAAP), while diluted EPS was $(0.43) (GAAP). For H1, total revenue reached $167.5 million with a gross margin of 61.5% (GAAP) and a diluted EPS of $(0.88). Management is focusing on optimizing resources and aims to return to growth and profitability.

Cognyte Software Ltd. (NASDAQ: CGNT) will hold a conference call on September 28, 2022, at 8:30 AM ET to discuss its Q2 fiscal 2023 financial results for the period ending July 31, 2022. An earnings press release will precede the call. Participants can access the call via a real-time webcast available on Cognyte's website. The company specializes in investigative analytics software, serving over 1,000 government and enterprise customers worldwide. For more details, visit www.cognyte.com.

Cognyte Software Ltd. (NASDAQ: CGNT) reported disappointing results for Q1 FYE23, with revenue at $86.4 million (GAAP) and $86.7 million (non-GAAP). Gross margin was 59.7% (GAAP) and 60.8% (non-GAAP). The company faced challenges due to slow pipeline conversion and supply chain issues, leading to a diluted EPS of $(0.45) (GAAP) and $(0.79) (non-GAAP). CEO Elad Sharon expressed optimism about long-term opportunities but noted an inability to provide guidance at this time.

Cognyte Software Ltd. (NASDAQ: CGNT) will hold a conference call on June 28, 2022, at 8:30 AM ET to discuss its Q1 FY 2023 financial results, covering the period ending April 30, 2022. An earnings press release will precede the call. The call will be accessible via telephone and a live webcast, which will include presentation slides. Cognyte specializes in investigative analytics software, helping over 1,000 clients enhance investigation efficacy for various security threats.

Cognyte (NASDAQ: CGNT) has announced an expansion of its ELITE Strategic Partner Program aimed at enhancing its presence in the investigative analytics market. The program enables strategic partners to combine Cognyte's advanced software with their services, addressing the growing needs of security organizations. Partners can quickly capitalize on high-growth markets through revenue from implementation and integration services. Cognyte is recognized as a leader in investigative analytics, leveraging over 25 years of expertise to provide actionable insights for governments and enterprises globally.